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Setting up the Commodity Channel Index (CCI) in MetaTrader 4

This guide shows you how to set up the CCI in MetaTrader 4.

This guide assumes that you have opened a chart in MT 4.

After reading this MetaTrader 4 tutorial, you should be able to:

  • Add the CCI and set the parameters of this indicator
  • Change the parameters
  • Remove the CCI

Add the CCI and set the parameters of this indicator

  1. Click Insert and move your mouse over Indicators and Trend
  2. Click Commodity Channel Index

Setting the common parameters

After you have completed the step above, the settings menu appears.

Most indicators can be controlled by several common parameters.

There are two types of parameters:

  • Calculations of the indicator: e.g. the amount of periods used for the CCI (you do not need to worry too much about this in the beginning)
  • Visuals of an indicator: e.g. how it will look, the colour and thickness of the lines, etc.

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Changing parameters at a later time

To change the settings of the indicator directly on the chart at a later date:

  1. Right-click the CCI (you will have to be exact on the line of the indicator to get the menu seen below)
  2. Choose CCI(14) Properties – The (14) is the respective parameter (Periods) and can differ, depending on your choice when setting the parameters

The parameter menu appears again where you can change the indicator.

Deleting an indicator

To delete the CCI:

  1. Right-click the indicator that you want to delete (you will have to be exact on the line of the indicator to get the menu shown below)
  2. Click Delete Indicator

The CCI disappears from your chart.

 

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Markets.com
Minimum Deposit$100
Average Spread2,2 pips
RegulationCySEC, FSB
Founded2010

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eToro

eToro
Minimum Deposit$200
Average Spread3 pips
RegulationFCA
Founded2008

Why

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