Summary of "💎CCI NMA Level Crossing Alerts Indicator MetaTrader 4/5 – Free – [TradingFinder]"
The video presents the CCI NMA Level Crossing Alerts Indicator for MetaTrader 4 and 5, available for free download on the TradingFinder website. This indicator is an enhanced version of the classic Commodity Channel Index (CCI), incorporating the Natural Moving Average (NMA) to smooth out noise and provide more reliable trading signals.
Main Financial Strategies and Market Analyses:
- Trend Identification: The indicator helps identify bullish and bearish market trends.
- Buy Signal: When the Oscillator line moves upward from the +5 level and turns green.
- Sell Signal: When the Oscillator line is orange and falls below the -50 level.
- Divergence Detection: It is particularly useful for spotting positive and negative divergences, which signal potential trend reversals. For example, a negative divergence occurs when the Oscillator forms lower highs while the price chart forms higher highs, indicating weakening momentum and a possible downward price movement.
Indicator Features and Settings:
- Calculation Period: Adjustable period for CCI calculation.
- Calculation Type: Options to base calculations on closing price, opening price, highest price, lowest price, etc.
- Smoothing Period: Adjustable smoothing period to refine the Oscillator output.
- NMA Period: Parameter to set the Natural Moving Average period.
- Visual Settings: Options to adjust Oscillator line thickness, overbought and oversold levels.
Alert System:
- Alerts can be enabled or disabled globally.
- Alerts can be triggered when the Oscillator enters or exits overbought/oversold zones.
- Alerts can be set to trigger on open candles or only after candle close.
- Notification types include:
- On-screen messages
- Sound alerts (with customizable sound files)
- Email alerts (requires prior email configuration in MetaTrader settings)
Methodology / Step-by-Step Guide to Use the Indicator:
- Download the indicator file from the TradingFinder website.
- Load the indicator onto the MetaTrader chart by dragging it from the navigator section.
- Adjust the input settings according to trading preferences (calculation periods, price type, smoothing, NMA period).
- Enable alerts as needed based on entry/exit of overbought or oversold zones.
- Use the Oscillator signals and divergence detection to make informed buy or sell decisions.
Presenter / Source:
The tutorial is provided by TradingFinder, the creators of the indicator, as indicated in the video and website references.
Category
Business and Finance
