Watch how to download trading robots for free
Interesting script?
So post a link to it -
let others appraise it
You liked the script? Try it in the MetaTrader 5 terminal
Views:
1898
Rating:
votes: 31
Published:
2021.11.11 09:55

This indicator is one of the series of "experiments"

  • even though it is named CCI, it is not actually CCI
  • the calculating method is changed significantly compared to original CCI which make the usage as it is usual for classical version (via fixed levels) obsolete
  • for that reason a sort of dynamic levels are added (a sort of Donchian channel levels added)
  • basic types of averages can be used :
    • for main calculation
    • for price smoothing (as a possible method of signals filtering without significant lag addition)

Recommendations:

  • You can use the color changes as signals

Comparison :

  • An example why is it still called CCI. 
  • Upper is this indicator, lower is the classical CCI. 
  • Regardless of the completely different values produced, the relative values / slopes are very similar






Position Size Calculator Position Size Calculator

MT5 Indicator for Position Size Calculation

Rex (extended) Rex (extended)

Rex indicator extended version

DMH DMH

Directional Movement using Hann windowing

Fir filters Fir filters

Fir filters