CCI on Bands — MT4 Smoothed CCI With Volatility Bands & Arrows

Description

CCI on Bands reworks the Commodity Channel Index into a cleaner, band-aware signal tool for MetaTrader 4. A smoothed CCI (with adjustable smoothing length and phase) is plotted in a sub-window inside adaptive volatility bands built from an LWMA and a configurable multiplier. When the CCI pushes beyond a band the indicator treats it as a stretched, potentially reversing condition and colours the line accordingly, printing buy and sell arrows and optional alerts. Multi-colour mode shades rising and falling momentum differently so direction is obvious at a glance. Compared with a raw CCI, the volatility bands adapt to changing conditions instead of using fixed plus/minus 100 lines, which cuts false extremes in trending markets. It suits binary options timing and momentum confirmation on any pair or timeframe. Free MT4 (.mq4) source included. Educational tool, not financial advice.