CCI Filter Level Oscillator Free Download for MT5 | Forex Indicators Download - MetaTrader 5 Resources

The CCI Filter Level Indicator relies on dynamic color changes based on the CCI (Commodity Channel Index) to identify potential trend reversal points and trade entry setups.

This trading tool is an enhanced version of the classic "CCI" indicator, using customizable settings to display market conditions as color-coded lines in a separate window.

One of the main features of this indicator is the use of circular symbols on the chart, with a green circle indicating a buying entry and a red circle indicating the beginning of the selling phase.

CCI Filter Level Oscillator Specification Sheet

The following table summarizes the main specifications of the CCI filter indicator.

CCI filter indicators at a glance

In the CCI filter level oscillator , the core architecture is based on matching the CCI output value to a predetermined trigger level.
The color change of the indicator line intuitively reflects the current market conditions:

• 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 positive trigger level
• Yellow : When the CCI value is between zero and negative trigger level
• Gray : indicates phase shift

Buy Setup

On the EUR/GBP 30-minute chart, the market’s uptrend is confirmed as the indicator line changes from yellow to gray and finally green.
When CCI breaks above the positive trigger level, it signals the beginning of a strong bullish phase.
The appearance of a green dot on the indicator line validates the buy signal and confirms the beginning of a bullish wave.

Sell ​​Setup

On the 1-hour EUR/JPY chart, the beginning of the downtrend is observed when the CCI value drops below zero and the indicator line changes from green to blue. This shift signals rising selling pressure in the market.
Following this movement, the CCI filter level indicator drew a red dot on the oscillator confirming a sell entry signal.

CCI filter level oscillator settings

The settings section of the CCI filter indicator is structured as follows:

• CCI Period : Number of periods used in CCI calculations
• Applied Price : The price type used (e.g., closing price, typical price)
• Upper Trigger Level : Positive trigger level used to identify buy signals
• Lower Trigger Level : Negative trigger level used to identify sell signals
• Critical Level : Threshold for filtering or issuing special alerts
• Histogram : Turn on/off histogram display
• Alerts : enable/disable alerts
• Severity Level Alerts : Alert when critical levels are crossed
• Zero Buy Alert : Alert when zero is exceeded
• Zero Sell Alert : Alert when below zero
• Cap Trigger Buy Alert : Alert when cap trigger level is breached
• Cap Triggered Sell Alert : Overbought Sell Condition Alert
• Lower Trigger Buy Alert : Oversold Buy Condition Alert
• Lower Trigger Sell Alert : Alerts when the lower trigger level falls below

Conclusion

The CCI filter level indicator uses dynamic color coding to precisely define market momentum.
It highlights entry and exit signals with small colored dots based on upper and lower trigger levels.

Additionally, enabling the histogram option in the settings allows the user to visualize the output as a bar oscillator.
This trading tool works on all markets, including Forex , Stocks, Cryptocurrencies , and Commodities.