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- 2018.09.27 16:00
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The Commodity Channel Index oscillator displayed as a color histogram, using volumes.
Calculation formula:
CCI Histogram Vol = CCI * Volume
For quite understandable reasons, the recalculation of overbought and oversold levels in such a modified oscillator should be performed using the same formula. This was implemented. In the final version, these levels are no longer permanent. Two levels with the appropriate breakout indication were used.
input int HighLevel2=+100; // Overbought level 2 input int HighLevel1=+80; // Overbought level 1 input int LowLevel1=-80; // Oversold level 1 input int LowLevel2=-100; // Oversold level 2
In the indicator input parameters, these levels are presented as the levels of the source CCI, and then multiplied by volumes at each indicator tick.
Fig. 1. The CCI_Histogram_Vol indicator
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21833
GD
The Generalized DEMA moving average
RSI_Histogram_Vol
The Relative Strength Index oscillator displayed as a color histogram, using volumes.