Summary of 💫CCI Histogram indicator for MetaTrader 4/5 📥DownloadFree – [TradingFinder]

The video presents the CCI Histogram indicator for MetaTrader 4 and 5, available for free download from the TradingFinder website. This indicator is an enhanced version of the traditional Commodity Channel Index (CCI) that visually distinguishes market trends and volatility through color-coded histograms.

Main Features and Financial Strategies:

Trend Identification:
- Positive trends are shown in blue.
- Negative trends are shown in brown.
- Volatile or non-trending areas are highlighted in red.
Trend Confirmation:
- When the histogram crosses above or below a characteristic level, the trend confirmation requires the movement to be sustained for six candles before changing colors to indicate trend shifts (e.g., from green to blue for bullish, green to brown for bearish).
Volatility Detection:
- Red histogram bars indicate volatile or sideways market conditions, signaling traders to avoid trend-based trades.

How to Use the Indicator (Step-by-Step):

Download the indicator file for MetaTrader 4 or 5 from the TradingFinder website.
From the Navigator section in MetaTrader, drag the indicator onto the desired chart.
Enable Allow DLL Imports and Allow this import to be used options in the settings.
Choose the display template (Light, Dark, or Custom) in the input settings.
Adjust parameters such as:
- CCI period settings (default is 6).
- Neutral trend confirmation period (default 6 candles).
- Number of candles used for histogram calculation.
Click OK to apply the indicator; the histogram will appear below the price chart with color-coded bars representing different market conditions.

Business Trends:

The indicator supports traders by providing a clearer visualization of market momentum and volatility, aiding in better timing of entries and exits.
Customizable display themes and input parameters allow traders to tailor the indicator to their preferences and trading styles.

Presenter/Source:

The tutorial is provided by TradingFinder and includes a walkthrough of installation, settings customization, and interpretation of the CCI Histogram indicator on MetaTrader platforms.

Notable Quotes

— 01:19 — « It also displays the volatile areas in a red color which are considered as non-Trend areas. »

— 01:28 — « When the histogram is above the line level and is confirmed it is blue; when it moves down the line it waits for six candles. »

— 02:01 — « In the settings section, you can select the viewer settings theme or the indicator specific template which has three modes: light, dark, and custom. »

— 02:54 — « Neutral Trend settings serve as confirmation for Trend stabilization by default set to six candles. »

— 03:38 — « Well friends, we have reached the end of this indicator tutorial; we would be happy if you share your comments and suggestions with us in the comment section. »