Day: April 19, 2009

CCI Indicator with Arrows as Signals

I’ve found an interesting MetaTrader indicator on one of the Forex forums recently and today I decided to upload it on my site to allow other traders download it freely. It’s called CCI Arrows and, as its name suggests, it is based one the standard MT4 CCI (Commodity Channel Index) indicator. It detects the CCI crosses with the zero level and draws the red arrows for the short positions and the blue arrows for the long positions. It suggests stop-loss levels and can be successfully accompanied by the trailing stop. […]