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Inverse Fisher CCI - indicator for MetaTrader 5

votes: 6
2018.03.13 14:08

CCI is a very useful indicator. But it lacks one thing: known bounds.

Adding Inverse Fisher Transform to CCI makes it oscillate in known bounds, and that way it can help in assessing what is exactly going on with the markets. Also, a sort of a signal line is added (so instead of using only the slope of the indicator, signal line is used - which may filter out some false signals) and coupled with additional CCI smoothing, it should be usable in trend determination, but in any case some parameters experimenting is strongly advised.

Volume Average percent Volume Average percent

This version is a sort of normalized version - since it shows Volume as a percent compared to the Average Volume over a chosen period.

Volume Average Volume Average

Long known volume analysis method.

Candle Closing Time Remaining (CCTR) MT5 Candle Closing Time Remaining (CCTR) MT5

MetaTrader 5 version of Candle Closing Time Remaining (CCTR) is an indicator which displays the remaining time for an open candle to be closed.

Point of Balance Point of Balance

The indicator shows current trend by showing a color of the current balance. The opposite color is not displayed as long as it does not become a trend (hence, lack of color, means the opposite trend is the prevailing)