All Woodies CCI Indicator: A Slow One And A Turbo One

Written by Dominic Walsh · Published · Last updated

The all woodies cci indicator follows a setup Ken Wood popularised. A standard reading forms the histogram. A much faster one runs over the top as a line. Watching the two together is the whole method.

This build ships as a compiled .ex4 for MT4 and .ex5 for MT5; the screenshots below come from EURUSD H1.

Platforms MT4 (.ex4) + MT5 (.ex5)
Chart window Separate window (levels -100 / 0 / 100)
Plots 3: CCI Histogram, CCI 14, Turbo CCI 6
Alerts popup, push notification, email, sound
Inputs 8

What the All Woodies Cci Indicator draws on the chart

A slate gray `CCI Histogram` fills the pane.

A yellow `CCI 14` line traces the same value.

An aqua `Turbo CCI 6` line reacts far faster.

References sit at minus one hundred, zero and one hundred.

  • CCI Histogram: histogram, slate gray, width 3
  • CCI 14: line, yellow, width 2
  • Turbo CCI 6: line, aqua, width 1
All woodies cci indicator histogram with turbo line on the EURUSD H1 chart.
All woodies cci indicator histogram with turbo line on the EURUSD H1 chart.

How the All Woodies Cci Indicator calculates its values

Two periods of one study

iCCI runs at `CciPeriod` `14` for the slow reading and `TurboPeriod` `6` for the fast one. Both use typical price, which is high plus low plus close over three.

The histogram repeats the slow value

The columns carry exactly the same number as the yellow line. Drawing it twice is a presentation choice, so the shape stands out against the faster line.

Zero is where Woodie watched

The method treats the zero line as the reference rather than the hundred levels. Turbo crossing zero ahead of the slow reading is the sequence this setup hunts.

How to read the signals

The turbo line leads because six bars react faster than fourteen.

Neither reading has an upper limit, so an extreme can get more extreme.

The histogram and the yellow line always agree, since they share a value.

Zero matters more here than the hundred levels do.

Alert channels in this build: popup, push notification, email and sound, one message per closed bar.

`EnableAlerts` heads four routes and ships true with `EnablePopup`. Turn on `EnablePushNotify` for a mobile push, `EnableEmail` for mail, or `EnableSound` to play `SoundFile`. Those three arrive false. Only closed bars report.

Every All Woodies Cci Indicator input

Core settings

Setting What it does Default
CciPeriod Bars in the slow reading, default `14`. 14
TurboPeriod Bars in the fast reading, default `6`. 6

Alert settings

Setting What it does Default
EnableAlerts Head switch across the four routes, default `true`. on
EnablePopup MetaTrader dialog on a zero event, default `true`. on
EnablePushNotify Mobile push on a zero event, default `false`. off
EnableEmail Email on a zero event, default `false`. off
EnableSound Audio cue on a zero event, default `false`. off
SoundFile Audio file the cue uses, default `”alert.wav”`. alert.wav
All woodies cci indicator inputs panel showing CciPeriod and TurboPeriod.
All woodies cci indicator inputs panel showing CciPeriod and TurboPeriod.

Settings that fit your chart

The Woodie method grew up on intraday charts. EURUSD H1 is the reference chart, where the turbo line crosses zero several times a day. On M5 it crosses constantly. Daily bars slow the whole picture down.

When the All Woodies Cci Indicator fails

A six-bar reading is very jumpy and crosses zero on noise.

Neither reading has a ceiling, so there is nothing to lean on.

Drawing the slow value twice fills pane space without adding information.

Copy the compiled All Woodies Cci Indicator file into your MQL4/Indicators folder, and the MT5 build into MQL5/Indicators, then restart the terminal and drag it onto a chart. The step-by-step guide with screenshots is at how to install MT4 and MT5 indicators.

Background reading on the method behind the All Woodies Cci Indicator: Decisionpoint Swenlin Trading Oscillator Sto at StockCharts ChartSchool, icci (CCI) at the MQL5 Documentation.

Download the All Woodies Cci Indicator for MT4 and MT5

The zip holds the compiled All Woodies Cci Indicator build for MT4 and MT5, plus a short README. Compiled files only, no source. Enter your email below and the download link arrives in your inbox.

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FAQ

Why does TurboPeriod use only 6 bars?

So it leads the slow reading. Six bars reacts within a candle or two, which lets the method watch for the fast line crossing zero before the fourteen-bar version follows.

What does the CCI Histogram add?

Shape rather than data. It carries the same value as the yellow line, drawn as columns so the slow reading stands apart from the faster turbo line above it.

Why does CciPeriod watch zero rather than 100?

Ken Wood treated zero as the pivot of the study, since it marks where price sits at its own mean. The hundred levels appear for context but carry less weight in this setup.

Which price do CciPeriod and TurboPeriod read?

Typical price, both of them. That is high plus low plus close over three, which is how Donald Lambert defined the study. Neither reading substitutes the close.

Are results guaranteed?

No. Trading involves risk. Results are not guaranteed; past performance is not indicative of future results. Use the All Woodies Cci Indicator as one input. Always backtest before trading live.

Category: this is part of our Oscillators collection. Next, plainly, browse more Oscillators for MetaTrader, or explore every MT4 indicator and MT5 indicator on the site.

External references

Dominic Walsh - Forex trader and MT4/MT5 developer

About the author

Written by Dominic Walsh, a Forex trader and MT4/MT5 indicator, Expert Advisor and script developer. Every tool on forexmt4systems.com is tested on live charts before release and ships with ready-to-use compiled MT4 (.ex4) and MT5 (.ex5) files. Learn more about the trader and developer behind this site.

How we build, test and correct every tool: Editorial & Testing Policy. Trading carries risk; see the disclaimer.

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