ZZI Oscillator for MT4 Download – [TradingFinder]

The ZZI Indicator is a powerful oscillator in MetaTrader 4 that provides clear buy and sell signals. This trading tool uses an oscillating line and displays overbought and oversold conditions based on the position of this line relative to predefined levels.

Thus, by identifying overbought and oversold zones, traders can anticipate possible trend reversals.

ZZI Oscillator Specifications Table

The specifications of the ZZI Indicator are as follows:

ZZI Indicator at a Glance

This indicator is displayed as a signal line in a separate window below the main chart and includes predefined threshold levels.

Accordingly, when the line enters the overbought zone, its color changes to yellow, while entering the oversold zone changes its color to red.

Bullish Trend Condition

Based on the EUR/USD chart on the 1-hour timeframe, the marked zone has turned red, indicating an oversold condition. In this situation, the color change can be interpreted as a buy signal.

Bearish Trend Condition

According to the USD/CHF chart on the 4-hour timeframe, the oscillator line turns yellow at specific values. This color change represents an overbought condition and is interpreted as a sell signal.

ZZI Oscillator Settings

The settings of the ZZI Indicator are as follows:

• CCI Period: Calculation period of the CCI indicator

Conclusion

The ZZI Oscillator is a modified version of the CCI (Commodity Channel Index) indicator that displays overbought and oversold zones through the color change of its signal line.

This trading tool generates a sell signal when the line moves above +100, and a buy signal when it drops below –100.