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Views:: 2538
Rating:: (9)
Published:: 2018.06.16 10:14
Updated:: 2023.03.29 13:48

KWAN_CCC.mq5 (18.95 KB) view

\MQL5\Include\

SmoothAlgorithms.mqh (130.2 KB) view

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A simple oscillator based on the values of the Chaikin Oscillator, Commodity Channel Index and iMomentum indicators and implemented as a two-colored histogram.

Indicator calculation formula:

kwan = MA(iChaikin[bar] * iCCI[bar] / iMomentum[bar])

The growth of a financial asset is usually accompanied by the indicator growth and the light-blue color of the histogram. An asset is considered falling if the indicator falls and the histogram is red and pink. The optimal time to perform a trade is when the color of the histogram bars changes.

The indicator uses the SmoothAlgorithms.mqh library classes (copy it to <terminal_data_folder>\MQL5\Include). The classes were described in detail in the Averaging Price Series for Intermediate Calculations Without Using Additional Buffers article.

Fig.1. Indicator KWAN_CCC

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20608

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