The CCI with Arrow Indicator is a momentum oscillator for MT4 and MT5, plotted in a separate window below price. Also, it measures the speed and exhaustion of the current move so you can spot overbought and oversold turns before they show clearly on the candles. Built-in alerts fire on each new threshold cross.
For more like this, browse the more oscillators indicators for forex or jump to the full all MetaTrader indicators.
What the CCI With Arrow Indicator does on the chart
The logic is simple. No machine learning. No curve fitting. Also, no hidden lookahead. The indicator reads the bars and outputs a single visual you can read at a glance.
The CCI With Arrow Indicator reads price, volume, and recent bar structure. Also, still, it plots the result on the chart. You can read it at a glance. Thus, it is built for MT4 and MT5. You drag it onto any chart in one step.
Key features and settings
- Plots smoothed momentum on a separate sub-window
- Configurable period for tighter or looser response
- Optional alert toggle on threshold crossings
- Built-in line for overbought and oversold reference
- Full alert system: popup, push notification to mobile MetaTrader, email, and sound — all four channels can be toggled independently from the inputs panel. Alerts fire once per closed bar so you never get spammed mid-tick.
- Built for MT4 and MT5; works on every timeframe the platform supports.
- Lightweight code that does not slow down the chart.
| Setting | Description | Recommended default |
|---|---|---|
| Period | Lookback length used to compute the oscillator value | 14 |
| Levels | Reference levels for overbought / oversold zones | 70 / 30 |
| Alerts | Toggle pop-up, sound, push, and email alerts | Off |
| Color theme | Switch between dark and light chart palettes | Dark |
| Show on chart | Toggle the on-chart visual without removing the indicator | On |
How to read signals from the CCI With Arrow Indicator
The CCI With Arrow Indicator highlights shifts in momentum where price stretches away from a recent average. Also, still, hence, a typical workflow looks like this.
Entry idea (long). Wait for the oscillator to dip below the lower reference and then turn back up while price holds a higher swing low. Next, wait for the bar to close. Intra-bar values can shift.
Entry idea (short). Wait for the oscillator to push above the upper reference, then turn back down while price prints a lower swing high. The same close rule applies.
Exit idea. Some traders take partial profit at one R and trail the rest with structure. Some traders trail with structure. Others trail with the indicator itself.
These are concepts, not rules. Then, backtest on your instrument and timeframe before live capital.
Tuning the CCI with Arrow Indicator inputs
Start with the defaults, then tune for your market. CciPeriod (default 14) sets the averaging length — raise it for smoother, slower signals or lower it for faster, more sensitive ones; UpLevel (default 100.0) is the threshold a reading must clear before it counts as a signal; DnLevel (default -100.0) is the threshold a reading must clear before it counts as a signal. Thus, yet, every alert channel — pop-up, sound, email and mobile push — toggles independently in the same inputs panel, and alerts fire once per closed bar.
Recommended timeframes and instruments
CCI with Arrow Indicator is a momentum tool, so match the timeframe to your holding period.
- M15 to H1 for intraday momentum entries.
- H4 to Daily for swing signals and divergence.
On M1 to M5 the readings turn faster and noisier, so confirm with price structure. Also, still, hence, truly, common pairs are EURUSD, GBPUSD, AUDUSD and XAUUSD.
How to install on MT4 and MT5
Installation is the same for every indicator on this site. Next, plainly, unzip the download, copy the compiled .ex4 into your MT4 MQL4/Indicators folder (or the .ex5 into MT5 MQL5/Indicators), refresh the Navigator, then drag it onto the chart. For the full step-by-step with alert setup and troubleshooting, see our guide to installing MT4 and MT5 indicators.
Best practices and tips
- Do not fade momentum in a strong trend; overbought can stay overbought.
- Favour signals that align with the higher-timeframe direction, and watch for divergence against structure.
- Wait for the bar to close before acting on a signal.
- Backtest your configuration on at least 200 closed bars before trading live.
- Keep position sizing small while you learn how the tool behaves on your instrument.
- Review your results weekly and prune settings that underperform.
Get the CCI with Arrow for MT4 and MT5
One email unlocks the full library. This CCI with Arrow Indicator plus the other 1,382 free MT4, MT5 and TradingView indicators we publish and maintain. Also, no paywall, no upsell, same opt-in for all of them – you give an email once and you can grab every tool we ship.
Enter your email to receive the indicator file. We send it once and add you to free updates.
No spam. Unsubscribe anytime. We never share your address.
Enter your email and the file lands in your inbox right after. The download is free.
Built by forexmt4systems.com
This CCI with Arrow Indicator is one of 1,383 free MT4, MT5 and TradingView indicators we publish and maintain. Then, every tool ships with ready-to-use compiled MT4 (.ex4) and MT5 (.ex5) files, a 4-channel alert system (popup + mobile push + email + sound), and is loaded on EURUSD H1 before release to confirm it draws cleanly without repainting. The same one-step email opt-in below unlocks the entire library – not just this one indicator.
FAQ
What does the CCI with Arrow measure?
It plots a clear signal layer that the CCI with Arrow computes from recent price and volume on the chart.
Is the CCI With Arrow Indicator non-repaint?
By default the indicator only confirms a signal on the bar close, so the printed signal locks in once that bar closes. Thus, yet, still, some users prefer the early intra-bar mode for faster signals — both options are in the inputs.
Which timeframe should I use?
There is no single best timeframe. Thus, m15 to H1 is a common starting point for intraday traders, and H4 to D1 works for swing traders. Backtest the configuration on the timeframe you actually trade.
Does it work on instruments other than forex?
It works on any instrument MT4 and MT5 supports — forex majors, gold (XAUUSD), indices like US30 and NAS100, and major cryptos. Also, still, hence, truly, hence, fast-moving instruments may need a smaller period setting.
Can I add alerts?
Yes. Next, Pop-up, sound, push, and email alerts live in the inputs panel. On MT4 and MT5 the alert plays on the bar close that triggers the signal. Then, the CCI With Arrow Indicator ships with full alert functionality built in: popup alerts on the chart, push notifications to mobile MetaTrader, email alerts, and a sound alert with a configurable .wav file. you toggle each channel independently from the inputs panel (EnableAlerts, EnablePopup, EnablePushNotify, EnableEmail, EnableSound). Next, plainly, yet, alerts trigger once per closed bar.
For external background reading, see the technical indicator basics. 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.
Authoritative references
- Learn more about the Commodity Channel Index (CCI).
- General background on technical indicators.
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.