CCI Histogram Indicator Download for MetaTrader 4 | Forex Indicator Download - MT4/MT5 Resources

CCI Histogram Indicator is a modified Commodity Channel Index (CCI) Oscillato r version. This MetaTrader 4 indicator detects price fluctuations and generates Buy and Sell signals in financial markets.

CCI Histogram Specification Sheet

Specifications CCI histogram indicators are shown in the table below:

Uptrend Conditions

The price chart below shows the global gold price against the US Dollar (XAUUSD) on the 1 hour time frame.

When the orange histogram crosses below the -100 level and then rebounds upward , it indicates an oversold market condition indicating a potential start of an uptrend .

Therefore, returns above the -100 level can be considered a valid Buy signal .

downtrend conditions

The chart below shows the Nikkei 225 index on a 4 hour time frame. When the blue histogram exceeds the +100 level and falls below it, the market becomes overbought , indicating the possible start of a downtrend .

The return from level +100 and the subsequent level downward move can be considered a Sell signal.

Indicator Settings

Settings for the CCI Histogram in the MetaTrader 4 indicator are as follows:

• Chart theme : Chart appearance style;
• Cci period : CCI calculation period;
• Neutral period : Neutral state duration;
• Lookback : Candles that look back to the past.

Conclusion

The CCI Histogram Indicator is a powerful indicator for identifying overbought and oversold conditions and reversal points in highly volatile markets.

It is particularly effective under conditions with significant price changes .