Real Woodie CCI Forex Indicator is one of the most comprehensive and profit making indicator that you will come across. It is in fact a trend indicator that is very easy to use and also very profitable. It is a good choice for the beginners.
How the Real Woodie CCI indicator operates.
The Real Woodie CCI indicator is displayed on a separate chart below the main trading chart and just as the name suggests, is based on Commodity channel index indicator and the smooth moving averages.
In the indicators chart you will notice a lot of stuff is displayed for you. We shall look at each of the object generated here and its purpose to contributing to your success in trading.
To begin with, there are two lines that oscillate about a zero line. One of the two lines is black while the other one is red. These two line cross each other as they oscillate about the zero line.
There is also a dotted line that is generated along the zero line. The color of this dotted line changes according to the trend of the market prices. The color of the line changes from red to green and vice versa.
Fig.1. The Real Woodie CCI indicator.
There are also thin vertical lines that are forms from the zero line to the black oscillating line. These thin lines blue, yellow, gray or red. These line are red only when the oscillating black line is below the zero line and blue only when the oscillating black line is above the zero line. For the gray and yellow colored lines, they can occur when the black oscillating line is on either side of the zero line.
The most important thing is the levels that are indicated on the indicators chart. These levels are at 300, 200, 100, 0, -100, -200 and 300. The three hundred levels are rarely reached but they are very important. These level are the once that dictate when to place or close your orders.
Placing and closing orders using the Real Woodie CCI indicator.
Placing sell orders
The sell order should be placed when all the following conditions are met:
The red oscillating line gets below the black oscillating line.
The crossing have to at least take place above the level of 100.
The dotted line at the zero level has to be red.
The sell order should be closed black oscillating line gets above the red oscillating line. This have to happen below the zero level.
Placing buy orders
The buy orders are placed when all the following conditions are met:
The red oscillating line gets above the black oscillating line.
The crossing have to at least take place below the level of -100.
The dotted line at the zero line has to be green.
The sell order should be closed black oscillating line gets below the red oscillating line. This have to happen above the zero level.
Real Woodie CCI indicator
Fig.2. Placing and closing orders using the Real Woodie CCI indicator.
Forex Indicators Download – Instructions
Real Woodie CCI Forex Indicator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Real Woodie CCI Forex Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
Do the same with template file (.tpl), if there is any, at File/Open Data Folder/templates.
How to install Real Woodie CCI Forex Indicator.mq4?
- Download Real Woodie CCI Forex Indicator.mq4
- Copy Real Woodie CCI Forex Indicator.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on Real Woodie CCI Forex Indicator.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Real Woodie CCI Forex Indicator.mq4 is available on your Chart
How to remove Real Woodie CCI Forex Indicator.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Download Metatrader 4 Trading Platform:
- Free $30 To Start Trading Instantly
- No Deposit Required
- Automatically Credited To Your Account
- No Hidden Terms
Click The Link Below To Download:
Real Woodie CCI