CCI NMA Level Cross Alert Indicator for MT5 - Free | Forex Indicator Download - MetaTrader 5 Resource

The CCI NMA Level Cross Alert Indicator is an advanced version of the classic Commodity Channel Index (CCI) indicator in the MetaTrader 5 platform. With the help of NMA filter , it minimizes false signals.

This technical analysis tool uses colored signal lines to detect market trends: green indicates an uptrend, while orange indicates a downtrend .

CCI NMA level crossing warning indicator table

The table below outlines the specifications of the CCI NMA Horizontal Cross Alert indicator :

Indicator Overview

One of the main features of this product is that the CCI NMA Level Cross Alert indicator is designed to identify trend reversals through CCI zone analysis (+50 / -50).

A breakout of these levels usually indicates that the market has entered overbought or oversold territory . Additionally, by analyzing divergence and convergence, the indicator can help identify potential entry zones for buy and sell trades .

Uptrend Condition

On the 30 minute time frame chart of the Global Gold Index (XAUUSD) , the color change signal line from orange to green signals begins a bullish move .

If this color change occurs in the oversold zone above the +50 level, it confirms potential trend reversal and intense buyer pressure .

Downtrend Condition

The chart below shows the CAD/JPY pair on a 4 hour time frame. When the signal line changes from green to orange , the CCI indicates an overbought condition , it signals a potential sell trading opportunity.

CCI NMA Level Crossing Alarm Settings

The settings panel of the CCI NMA Horizontal Cross Alert Indicator is shown in the image below:

• Calculation Period : The calculation period of the indicator;
• Applied Price : Base price;
• NMA Period : NMA average period;
• NMA TEMA Period : NMA’s TEMA smoothing period;
• Do What? : Action type;
• Line Width : Chart line thickness;
• Overbought Level : Displays the overbought level;
• Oversold Level : Displays the oversold level;
• Alerts ON : Enable alerts;
• Alert when entering OB/OS zone : Alert when entering overbought/oversold zone;
• Alert when exiting OB/OS zone : Alert when exiting overbought/oversold zone;
• Current Bar Alert : disables alerts for the current candle;
• Alert Message : Enable alert message;
• Alert Sound : Disable alarm sound;
• Alert Email: Disable email alerts;
• Alert Sound File : Displays the alert sound file.

Conclusion

The CCI NMA Level Cross Alert indicator has two manually set options in MetaTrader 5 quotes, " CCI uses NMA as price filter ", " NMA Smoothed CCI ".

These settings enable users to customize calculation methods and price filters based on their analysis preferences.