Woodies CCI Arrows Indicator MT5
- Indicadores
- Eda Kaya
- Versão: 1.3
Woodies CCI Arrows Indicator for MetaTrader 5
The Woodies CCI Arrows Indicator for MetaTrader 5 (WCA) is a custom oscillator developed around the 14-period Commodity Channel Index (CCI). This tool combines inputs from multiple components including Turbo CCI, LSMA (Least Squares Moving Average), and EMA to generate actionable trading signals. When the CCI shows bullish momentum over six continuous bars, green histograms appear, and red bars emerge when bearish momentum is detected. A buy signal is triggered when the price moves above the LSMA line, while a sell alert is activated when the price falls below it. The indicator paints upward trends in green and downward momentum in red, enhancing clarity in decision-making.
«Indicator Installation & User Guide»
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WCA Indicator Table
| Category | Signal Analysis – Oscillator – Market Tool |
| Platform | MetaTrader 5 |
| Skill Level | Entry-Level |
| Indicator Type | Early Signal – Momentum Detection |
| Timeframe | M1, M5, M15, M30, H1, H4 |
| Trading Style | Scalping – Day Trading – Intra-Day Strategies |
| Trading Markets | Forex – Commodities – Indices – Equities |
Bullish Trend and Buy Opportunity
On the NAS100 30-minute chart, the WCA indicator presented a buy opportunity when the price hit 18,897.5. This coincided with the emergence of an upward momentum signal, offering an ideal scenario for initiating a long position in line with the trend.
Bearish Trend and Sell Opportunity
In a 1-hour XAUUSD chart example, a bearish signal was confirmed once the price dipped below the LSMA, closing at 2418.13. This event, validated by the indicator’s histogram turning red, suggests an entry point for short trades aligned with the downward momentum.
WCA Indicator Settings
- CCI period: Set the calculation window for CCI
- Trend bar count: Define how many bars confirm a trend
- Turbo CCI settings: Adjust turbo sensitivity parameters
- Enable Turbo CCI: Toggle this function on/off
- Turbo CCI period: Specify Turbo CCI calculation length
- LSMA settings: Fine-tune the LSMA behavior
- Activate LSMA display: Show/hide the LSMA line
- LSMA period value: Set the LSMA lookback window
- LSMA base price: Choose the price input for calculation
- LSMA position setting: Adjust its placement on the chart
- EMA settings: Define EMA operational behavior
- Enable EMA display: Activate or deactivate EMA display
- EMA period value: Determine the EMA smoothing window
- EMA input price: Basis of the EMA calculation
- EMA position setting: Configure visual placement
Summary
The Woodies CCI Arrows Indicator for MetaTrader 5 is a dynamic trend-following tool designed to reveal market strength and directional bias. When trend momentum shifts, histogram bars initially turn gray. After six bars, if the price sustains above the zero line, yellow bars emerge, followed by green on the seventh bar—signaling bullish momentum. A similar pattern appears in the opposite direction for bearish setups. The WCA provides a robust framework for momentum-based trading strategies in various asset classes.
