Double CCI — Woody Oscillator (MT4)

Double CCI — Woody Oscillator combines a fast CCI and a slow CCI (a.k.a. Woody’s CCI style) to read momentum and regime with clear histogram coloring and signals in MetaTrader 4.

What it shows

• Fast CCI vs Slow CCI; histogram colors when fast>slow (bull) or fast<slow (bear).
• Zero‑line & ±100/±200 zones for bias and exhaustion.
• (Optional) arrows/alerts — fast‑slow crosses, zero‑line flips, zone exits, and divergence hints.

Trade ideas

1. Trend alignment: trade in the direction of slow‑CCI slope; enter on fast‑over‑slow crosses from above 0 for longs (mirror for shorts).
2. Flip → pullback: after a zero‑line flip on fast CCI, wait for a shallow pullback that keeps the slow CCI on the new side, then continue.
3. OB/OS fades: if both CCIs are flat, fade ±200 spikes back toward zero/midline.
4. (Optional) Divergences: confirm HH/HL or LL/LH vs the fast CCI.

Inputs that matter

• Fast CCI period — responsiveness of entries.
• Slow CCI period — regime/bias stability.
• Price type & smoothing — noise vs lag.
• Levels — ±100 (bias) and ±200 (extremes).
• Alerts — crosses, flips, zone exits.
• Colors/widths — quick visual read.

Suggested usage

• M5–M15: momentum flips and pullbacks.
• M30–H4: swing continuations; cross‑and‑go.
• Daily+: regime read and risk tilt.

Installation (MT4)

1. Open MetaTrader 4 → File → Open Data Folder.
2. Copy double-cci-woody-oscillator.ex4 to MQL4/Indicators.
3. Restart MT4 (or refresh Navigator) and attach Double CCI — Woody Oscillator.
4. Tweak inputs → OK.

FAQ

Does it repaint? No on closed bars.
Use in EAs? Yes, via iCustom.
Markets? FX, indices, metals, crypto — anything on MT4.

Disclaimer: Test on a demo account first; risk management is essential.