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Indicators

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

Mladen Rakic

Views:
649
Rating:
votes: 5
Published:
2019.02.13 21:59

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



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