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2015.09.21 16:49
Indicators

CCI on Step Channel - indicator for MetaTrader 4

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The classic CCI indicator uses Moving Average of Typical price. This version uses median line of the Step Channel indicator.

This line will be created from the result of tug of war between [raising price] and [falling price].

This chart shows the differences.

  • Blue Line is Typical SMA(14),
  • Pink Line is Volatility Step Channel(StdDev(1.0), Ma(3), Volatility(70)).

cci on step channel

Recommendations:

2 cci on step channel

Use 2 period CCI


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