CCI NMA Level Crossing Alerts Indicator MetaTrader 4 – Free – [TFlab]

The CCI NMA Level Crossing Alerts indicator is an advanced version of the classic Commodity Channel Index (CCI) indicator used in technical analysis, which significantly filters out market noise.

This MetaTrader 4 oscillator features a multi-colored signal line. When the line turns light green, it indicates a bullish trend. Conversely, the orange color reflects a bearish market trend.

CCI NMA Level Crossing Alerts Indicator Table

The general specifications of the CCI NMA Level Crossing Alerts indicator are presented in the table below:

Indicator Overview 

The CCI NMA Level Crossing Alerts indicator generates signals when the CCI value crosses above +50 or below -50.

Crossing these levels can indicate overbought or oversold conditions in the market and can be used as zones for potential trend reversals.

Uptrend Conditions

The chart below shows the AUD/USD pair in a 4-hour time frame. In this oscillator, a color change from orange to green on the signal line indicates a possible trend reversal to the upside.

A bullish signal gains more validity when it occurs in the oversold zone (+50).

Downtrend Conditions

The following price chart displays the Solana (SOL) cryptocurrency in a 30-minute time frame. If the signal line changes from green to orange and the CCI indicator shows a negative value simultaneously, it’s a sign of a market trend reversal.

Additionally, being in the overbought zone provides a good setup for entering a sell trade.

CCI NMA Level Crossing Alerts Settings

• Calculation Period: The indicator’s calculation period;
• Applied Price: Base price;
• NMA Period: NMA averaging period;
• NMA TEMA Period: TEMA smoothing period for NMA;
• Do What?: Action type;
• Line Width: Chart line thickness;
• Overbought Level: Display Overbought level;
• Oversold Level: Display Oversold level;
• Alerts ON: Enable alert mode;
• Alert on Entering OB/OS Zones: Alert when entering overbought/oversold zones;
• Alert on Exiting OB/OS Zones: Alert when exiting overbought/oversold zones;
• Alert on Current Bar: Disable alert for the current candle;
• Alert Message: Enable alert message;
• Alert Sound: Disable the alert sound;
• Alert Email: Disable email alert;
• Alert Sound File: Display Alert sound file.

Conclusion 

The CCI NMA Level Crossing Alerts indicator offers two manual setting modes in the panel: “CCI usingNMA as Price Filter”, “NMA Smoothed CCI”.

These options allow you to select the type of calculation and price filtering method in MetaTrader 4.