Woodies CCI Arrows Oscillator Indicator, Harness Explosive Momentum
For MT4, the Woodies CCI Arrows Oscillator Indicator. offers the best arrow designs and signals based on TURBO CCI and CCI. Extremely adjustable indicator settings.
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- Indicator Settings
Description
For forex traders that use the Woodies patterns and approach, the Woodies CCI Arrows Oscillator Indicator for MT4 is a crucial indicator. It is a momentum indicator based on the 14 period CCI – Commodity Channel Index MT4 indicator. As a result, the indicator can be used by forex traders to spot and trade a wide range of different CCI-based patterns. Additionally, the indicator shows the optimum entry points and arrow signs. Based on the Woodies trading method, traders can trade the patterns in both trend and countertrend trading strategies.
MT4 Trading Signals With Woodies CCI Arrows Oscillator Indicator
The Woodies CCI Arrows Oscillator Indicator for MT4 is displayed in the EURUSD H4 chart above. It shows the indicator in a different window and the arrows in the chart window.
In the chart pane, the trade signals are shown as RED and GREEN arrows. When the green arrow appears, forex traders can enter the market with a BUY position and exit when the opposite color arrow appears. Traders can also leave on an opposite direction and SELL at the RED arrow signal. Because it allows them to fully ride the trend, traders can hold onto their present position and wait for the opposite signal.
Nonetheless, the Woodies CCI Arrows Oscillator offers a variety of trading options, including the 200 levels, Zero Line, Histogram, Turbo CCI, and CCI. Therefore, combining the arrows with technical analysis and trading plan will be quite helpful for seasoned forex traders.
Likewise, novice forex traders are strongly encouraged to use the indicator. It helps novice traders discover the Woodies patterns and streamlines the analysis.
Conclusion
It goes without saying that the Woodies CCI Arrows Oscillator Indicator for MT4 makes technical analysis using the Woodies technique and patterns easier for any forex trader. The CCI, or commodity channel indicator, which is integrated into Metatrader, is the central component of the Woodies system, despite the fact that it is a collection of other indicators. However, by offering trading indications and enhancing the forex trader’s technical research, the arrows streamline the system.
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In fact, traders may alter the indicator’s many features and settings to suit their needs, making it incredibly versatile.
CCIPeriod: Period used to calculate the Commodity Channel Index (CCI) indicator.
TrendPeriod: Period for trend calculation.
TurboCCIPeriod: Period used to calculate the Turbo CCI.
LSMAPeriod: Period for calculating the Least Squares Moving Average (LSMA).
LSMAPrice: Price type used for LSMA calculation.
EMAPeriod: Period for calculating the Exponential Moving Average (EMA).
EMAPrice: Price type used for EMA calculation.
ShowLsmaEma: Toggles the display of LSMA and EMA indicators.
EMAVisible: Shows or hides the EMA.
LSMAVisible: Shows or hides the LSMA.
ShowZones: Toggles the visibility of trading zones.
ZonesColor: Sets the color of the zones.
LinesColor: Sets the color of the indicator lines.
UniqueID: Unique identifier for the indicator instance.
arrowsVisible: Enables or disables arrow display.
arrowsOnLsmaCross: Shows arrows when the slope of LSMA changes.
arrowsOnEmaCross: Displays arrows upon zero crossings of EMA.
arrowsIdentifier: Identifier used for arrow display.
arrowsUpperGap: Distance in pixels between the candle and the upper arrow.
arrowsLowerGap: Distance in pixels between the candle and the lower arrow.
arrowsUpColor: Color of the upward arrows.
arrowsDnColor: Color of the downward arrows.
arrowsUpCode: Symbol code for the upward arrow.
arrowsDnCode: Symbol code for the downward arrow.
arrowsUpSize: Size of the upward arrow.
arrowsDnSize: Size of the downward arrow.
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