Woodies CCI Arrow Indicator Download for MetaTrader 5 - Free - [TFLab]

On July 6, 2025, in version 2, the indicator added alerts/notifications and signals functionality

The Woodies CCI Arrows Indicator (WCA) is a MetaTrader 5 (MT5) oscillator based on the 14 periods of the Commodity Channel Index ( CCI ). The WCA indicator combination CCI , LSMA, Turbo CCI and EMA shows buy and sell signals.

If the CCI is bullish for six consecutive candles, the indicator displays a green bar, and if it is bearish, it displays a red bar. A buy signal is issued when the price is above the LSMA line, and a sell signal is issued when the price is below the LSMA line. The WCA indicator analyzes market trends, green shows an upward trend and red shows a downward trend.

WCA Indicator Table

Uptrends and buy signals

In the 30-minute NAS100 chart the WCA indicator issued a buy signal at a price of 18897.5 . The WCA indicator shows the beginning of an uptrend and traders can enter the buy position after seeing a buy signal on the chart.

Downtrends and sell signals

In the 1-hour XAUUSD, WCA chart MetaTrade5 indicator started with the downtrend and closed below the LSMA indicator. The candle closes at 2418.13 and is confirmed from the histogram, the trader can enter a sell trade.

WCA indicator settings

• CCI calculation period: CCI Period Setting
• Number of bars that determine trend: Set the number of candles for trend confirmation
• Turbo CCI parameters: Turbo CCI parameters
• Show turbo CCI: Turn on/off Turbo CCI
• Turbo CCI calculation period: Turbo CCI period setting
• LSMA parameters: LSMA Parameters
• Show LSMA trend: Toggle LSMA On/Off
• LSMA period: LSMA Period
• LSMA applied price: Calculation basis
• LSMA drawing position: set the distance from the origin
• EMA parameters: EMA Parameters
• Show EMA trend: Toggle EMA On/Off
• EMA period: EMA Period
• EMA applied price: Calculation basis
• EMA drawing position: set the distance from the origin

Summary

The Woodies CCI Arrows Indicator (WCA) helps traders identify strong trends and price divergences . When the CCI indicator changes trend, the bars turn gray, after 6 candles, if the price is above the 0 level, the histogram bars turn yellow, and then on the 7th candle, they turn green, indicating buying pressure. If it is below the 0 level, it indicates selling pressure.