CCI NMA Level Crossing Alerts Indicator for MT5 - Free - [TradingFinder]

The CCI NMA Level Crossing Alerts Indicator is an advanced version of the classic Commodity Channel Index (CCI) indicator in the MetaTrader 5 platform. With the help of the NMA filter, it minimizes false signals.

This technical analysis tool uses a colored signal line to detect market trends: green indicates an uptrend, while orange indicates a downtrend.

CCI NMA Level Crossing Alerts Indicator Table

The table below outlines the specifications of the CCI NMA Level Crossing Alerts Indicator:

Indicator Overview

One of the key features of the CCI NMA Level Crossing Alerts Indicator is identifying trend reversals through CCI zone analysis (+50 / -50).

Crossing these levels often suggests that the market has entered an overbought or oversold zone. Additionally, by analyzing divergence and convergence, the indicator can help determine potential entry zones for buy and sell trades.

Uptrend Condition

In the 30-minute timeframe chart of the global gold index (XAUUSD), a color change in the signal line from orange to green signals the beginning of a bullish move.

If this color change occurs within the oversold zone and above the +50 level, it confirms a potential trend reversal and intense buyer pressure.

Downtrend Condition

The chart below shows the CAD/JPY pair in a 4-hour timeframe. When the signal line changes from green to orange, and the CCI indicates an overbought condition, it signals a potential opportunity for a sell trade.

CCI NMA Level Crossing Alerts Settings

The settings panel of the CCI NMA Level Crossing Alerts Indicator is shown in the image below:

• Calculation Period: The indicator’sIndicator'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 alerts;
• 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 in MetaTrader 5 offers two manual setting options,"CCI using NMA as Price Filter", "NMA Smoothed CCI". 

These settings enable users to customize the calculation method and price filter according to their analytical preferences.