CCI Histogram Indicator Download for MetaTrader 5 | Forex Indicator Download - MT4/MT5 Resources

The CCI Histogram indicator is a tool in MetaTrader 5 that calculates and displays current and average prices over a specified period.

This tool is a modified version of the standard CCI oscillator, designed to identify price fluctuations and provide entry and exit signals in financial markets.

CCI Histogram Specification Sheet

General specifications CCI histogram indicators are shown in the following table:

Uptrend Conditions

The price chart below shows the EUR/AUD currency pair on the 15 minute time frame. When the CCI value becomes negative and the histogram turns orange, it indicates that the market is entering an oversold condition.

downtrend conditions

The chart below shows the Dow Jones Industrial Average (DJI) on a 1 hour time frame. When the CCI value turns negative , and the histogram turns orange, it is confirmed that the market has entered an overbough t condition.

If CCI moves downward from the positive zone , this situation indicates the beginning of a potentially bearish trend and can be considered an entry signal .

Indicator Settings

The following are the main adjustable parameters of the CCI Histogram MetaTrader 5 indicator :

• Chart theme: The theme of the chart;
• CCI period: CCI calculation period;
• Neutral period: Neutral period;
• Lookback: review period.

Conclusion

The CCI Histogram indicator, as overbought and oversold, helps identify trend changes , overbought and oversold conditions, and trading signals by comparing the current price to historical average prices. This indicator is widely used on all timeframes and markets .