CCI Alert Indicator: Marks Drawn On The Reading Line

Written by Dominic Walsh · Published · Last updated

The cci alert indicator puts its marks where the reading actually is. Most tools place an arrow at a fixed height. Here the buy and sell buffers take the index value itself, so each mark sits directly on the line at the point the level was crossed.

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, BUY, SELL
Alerts popup, push notification, sound
Inputs 8

What the Cci alert Indicator draws on the chart

CCI is the dodger blue line in its own pane.

BUY places a lime arrow on the line where it crosses up through `LowerLevel`.

SELL places a red arrow on the line at the upper crossing.

Reference lines mark 100, 0 and minus 100.

  • CCI: line, dodger blue, width 2
  • BUY: arrow, lime, width 2, arrow code 233
  • SELL: arrow, red, width 2, arrow code 234
CCI alert indicator on EURUSD H1 with marks drawn on the reading
CCI alert indicator on EURUSD H1 with marks drawn on the reading

How the Cci alert Indicator calculates its values

Reading the index

iCCI supplies the value at `CciPeriod` `14` on typical price, for the current bar and the one before it. Typical price averages high, low and close, which is the original definition.

Testing the levels

A buy needs the previous reading below `LowerLevel` `-100.0` and the current one at or above it. The sell case mirrors that against `UpperLevel` `100.0`. Both are inputs rather than fixed constants.

Placing the mark on the line

BuyBuf takes cci_now itself rather than a fixed pane height. So a crossing at 101 draws its mark at 101. The marks then trace the line, which makes a run of them easy to follow.

How to read the signals

Marks sit on the reading, so their height tells you where the crossing happened.

Moving `UpperLevel` to 150 makes crossings rarer and later.

The index has no bounds, so an extreme has no ceiling to work against.

Two separate sound files let you tell buy from sell by ear.

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

`EnableAlerts` and `EnableSound` both ship on, which is unusual here. `EnablePush` starts false. Two clips split the direction, with `SoundFileBuy` and `SoundFileSell` naming each. No email channel exists, and the guard allows one message per closed bar.

Every Cci alert Indicator input

Core settings

Setting What it does Default
CciPeriod CCI period. How many bars the index averages, default `14`. 14
UpperLevel Upper trigger level. Level a sell trigger needs the reading to leave, default `100.0`. 100.0
LowerLevel Lower trigger level. Level a buy trigger needs the reading to leave, default `-100.0`. -100.0

Alert settings

Setting What it does Default
EnableAlerts Popup alerts. Popup alerts on a level trigger, default `true`. on
EnableSound Sound alerts. Sound playback on a level trigger, default `true`. on
EnablePush Push to phone. Phone push on a level trigger, default `false`. off
SoundFileBuy Clip for a buy trigger, default `alert.wav`. alert.wav
SoundFileSell Clip for a sell trigger, default `alert2.wav`. alert2.wav
CCI alert indicator inputs: CciPeriod, UpperLevel, LowerLevel, SoundFileBuy
CCI alert indicator inputs: CciPeriod, UpperLevel, LowerLevel, SoundFileBuy

Settings that fit your chart

Mean deviation scaling lets the index travel between instruments. EURUSD H1 is the reference chart, where `CciPeriod` at `14` covers a little over half a day. On M5 the reading crosses the level pair several times a session. On daily charts it does so a handful of times a year.

When the Cci alert Indicator fails

A crossing back inside the levels can happen mid-trend and lead nowhere.

Marks drawn on the line can overlap it when several arrive close together.

This build carries no email channel at all, so mail delivery is not an option.

Copy the compiled Cci alert 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.

Download the Cci alert Indicator for MT4 and MT5

The zip holds the compiled Cci alert 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 do the BUY marks sit on the CCI line?

Because the buffer takes the reading itself rather than a fixed pane height. A crossing at 101 draws its mark at 101. That makes the sequence of triggers easy to follow, since each one sits where it happened.

Can I move UpperLevel and LowerLevel?

Yes, both are inputs. The defaults sit at plus and minus 100, which is the usual convention. Widening them to 150 makes crossings rarer and later. Narrowing them produces many more triggers, most of them mid-range.

Why two sound files rather than one?

So direction is audible. `SoundFileBuy` and `SoundFileSell` name different clips, which matters when the terminal sits behind other windows. It is the one place this build offers more than the usual single file.

Does CciPeriod use typical price?

Yes, and the code fixes it there. Typical price averages high, low and close, which is the original definition. No applied price input exists here, so the whole bar always contributes to the reading.

Are results guaranteed?

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

Category: this is part of our Oscillators collection. Also, truly, 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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