CCI With Arrow Indicator for MT4 and MT5

Written by Dominic Walsh · Published 3 Jun 2026 · Last updated 21 Sep 2026

Most arrow tools mark the candles. The cci with arrow indicator marks the curve instead: each arrow sits fifteen points from the reading itself, inside the pane, so you see exactly which part of the line triggered it. Four inputs govern everything it does.

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, CCI Up Arrow, CCI Down Arrow
Alerts	popup
Inputs	4

What the file declares

One curve and two marks, all in the pane.

`CCI` traces dodger blue at width 2.

`CCI Up Arrow` prints lime at width 3.

`CCI Down Arrow` prints red at the same width.

Marks sit fifteen points from the curve.

Reference lines sit at 100, zero and minus 100.

• CCI: line, dodger blue, width 2
• CCI Up Arrow: arrow, lime, width 3, arrow code 233
• CCI Down Arrow: arrow, red, width 3, arrow code 234

How the CCI with Arrow Indicator does its maths

The reading

`CciPeriod` `14` measures how far the typical price sits from its own average, scaled by the mean deviation across the same window.

The two thresholds

`UpLevel` `100.0` and `DnLevel` `-100.0` are the boundaries. Lambert designed the scale so roughly three quarters of readings fall between them, which makes each end genuinely unusual.

Where the marks go

A crossing of either threshold earns one. The code sets each arrow against the curve rather than against price, which keeps the trigger point visible inside the pane.

How to read what it shows

Arrows sit beside the curve, not on the candles.

Crossing upward through the upper level earns lime.

Crossing downward through the lower one earns red.

The scale runs open at both ends.

Four inputs is the whole panel.

Warm-up needs sixteen closed bars.

Alert channels in this build: popup, one message per closed bar.

This build keeps it simple: `AlertOnCross` `true` raises a terminal message when the reading crosses a threshold on a closed bar. The terminal is the only destination here, with no handset, mail or audio route in the panel at all.

Every CCI with Arrow Indicator input

Core settings

Setting	What it does	Default
CciPeriod	CCI period. Bars in the reading, `14`.	14
UpLevel	Upper threshold. Upper threshold a mark needs, `100.0`.	100.0
DnLevel	Lower threshold. Lower threshold, `-100.0`.	-100.0

Alert settings

Setting	What it does	Default
AlertOnCross	Alert on closed-bar cross. Speak on a closed-bar crossing, `true`.	on

Where this one belongs

Fourteen bars reaches its levels often enough on any liquid chart. EURUSD H1 is the reference chart and gives a few crossings a day. On M5 the curve pins to one end for long stretches. On H4 each level visit means considerably more.

What it will not tell you

A reading past a level can stay there for many bars.

The scale has no upper or lower bound.

Marks in the pane cannot show the price they relate to.

One threshold crossing is the whole signal.

Copy the compiled CCI with Arrow 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 CCI with Arrow Indicator: Commodity Channel Index at Investopedia, Commodity Channel Index at BabyPips.

Download the CCI with Arrow Indicator for MT4 and MT5

The zip holds the compiled CCI with Arrow 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.

FAQ

Why are the arrows drawn beside the CCI curve?

So the trigger stays visible. Placing a mark fifteen points from the reading itself shows exactly which part of the line crossed the threshold, which a mark on the candles above could never tell you.

What makes UpLevel 100.0 the conventional threshold?

Lambert scaled the calculation so that roughly three quarters of readings land between plus and minus one hundred. Anything outside that range is therefore unusual by construction rather than by opinion.

Does the CCI plot have a maximum value?

No. Unlike a zero-to-hundred oscillator this scale runs open at both ends, so a strong move can carry it past two hundred. That is why the thresholds work as crossings rather than as ceilings.

Which prices go into the CciPeriod 14 window?

The typical price of each bar, meaning the average of its high, low and close. Using all three keeps a long wick in the calculation instead of discarding it the way a close-only reading would.

Are results guaranteed?

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