CCI Filter Level Oscillator Free Download for MT4 | Forex Indicators Download - MetaTrader 4 Resources

The CCI Filter Level Indicator enables precise analysis of different market conditions (Commodity Channel Index) through dynamic color coding based on CCI.

This oscillator is an advanced version of the classic CCI indicator, using flexible settings to provide clear buy and sell signals in the form of color-coded lines within separate windows.

This trading tool draws circular markers on the chart: green circles represent buy signals and red circles represent sell signals.

CCI Filter Level Oscillator Specification Sheet

CCI Filter Indicator features and specifications are listed in the table below.

CCI filter indicators at a glance

In the CCI filter level oscillator, the logic is based on comparing the CCI value with a specific trigger level. Each color on the oscillator line represents a different market state:

• Green : When the CCI value exceeds the upper limit (positive) trigger level
• Red : When the CCI value is lower than the lower limit (negative) trigger level
• Blue : When the CCI value is between zero and the upper trigger level
• Yellow : When the CCI value is between zero and the lower trigger level
• Gray : indicates phase shift

Buy Signal

On the 4-hour chart of the GBP/USD currency pair, the uptrend is confirmed by the color change of the indicator line (from yellow to blue and then green). The CCI line crossing the positive trigger level reflects strong buyer momentum . Finally, the indicator prints a green dot to give a buy signal.

Sell ​​Signal

In the 1-hour chart of Ethereum (ETH), when the indicator line falls below the zero level , it changes from yellow to red. Under these conditions, the sell entry signal is marked with a red dot on the oscillator.

CCI filter level oscillator settings

The setting instructions for the CCI filter indicator are as follows:

• CCI Period : The number of periods used to calculate CCI
• Applied Price : The price type used in the calculation (e.g., closing price, typical price)
• Upper Trigger Level : Identify the positive trigger level for buy signals
• Lower Trigger Level : Negative trigger level used to identify sell signals
• Critical Level : Threshold for filtering or issuing special alerts
• Histogram : Enable/turn on or off the histogram view
• Alerts : enable/disable alerts
• Severity Level Alerts : Alert when price breaks critical levels
• Zero Buy Alert : Alert when crossing zero upwards
• Zero Sell Alert : Alert when crossing zero downwards
• Upper Trigger Buy Alert : Buy Entry Alert on Breakout of Upper Trigger Level
• Cap Triggered Sell Alert : Overbought Area Sell Alert
• Lower Trigger Buy Alert : Oversold Area Buy Alert
• Lower Trigger Sell Alert : A sell entry alert is issued on a breakout of the lower trigger level

Conclusion

CCI Filter Level Indicator is an advanced technical analysis tool based on the CCI index that clearly visualizes market conditions through smart color schemes. This oscillator uses upper and lower trigger levels to identify entry and exit points and marks them with small colored circles.

Additionally, by enabling the histogram option, the output can be displayed as a bar oscillator.