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You liked the script? Try it in the MetaTrader 5 terminal

Views:: 6449
Rating:: (12)
Published:: 2019.02.13 21:59

CCI (double smoothed Wilders EMA).mq5 (10.83 KB) view

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Theory :

This CCI (Commodities Channel Index) indicator deviates from "regular" CCI in two main points :
it is using standard deviations for calculations (instead of using mean absolute deviation)
it is allowing us to use double smoothed Wilder's EMA for price filtering (and that way it filters out some false signals)

Usage :

You can use it as any regular CCI

Export trade history to CSV

This script will export the trade history from MT5 selected between two dates. The resulting file is CSV that can be opened/imported with any spreadsheet software. Current version 1.0 does not add the takeprofit and stoploss. Any advice to improve this is welcomed.

Bollinger bands breakout

CCI - double smoothed Wilder's EMA filtered with floating levels

Engulfing Stochastic

Detect bullish and bearish engulfing candles when entering the overbought or oversold territory. We have all seen a currency pair enter the overbought or oversold territory and stay there for long periods of time. What this indicator does is gives you the emphasis. So if you are looking for reversals then you may want to take notice when oversold territory is entered into with a bullish engulfing candle or if the trend is your thing then check for bearish engulfing candles while entering oversold.

CCI - double smoothed Wilder's EMA filtered - indicator for MetaTrader 5