This is an excellent tool. Thanks "a stack of pips". Could you please add in the option of choosing to show a DOT (green for long cross-over; red for short cross-over) on the chart for when the CCI line crosses over the zero line. I want to use this as my "early notification", thereby being on lookout for the -100/100 cross-over to follow.
Just checking - is this the indicator you are talking about : https://www.mql5.com/en/forum/general ?
Most support and resistance theories are based on some kind of minimum and maximum, but that is the idea I do not like too much (from experience it is never exactly at those minimums or maximums but a bit shifted towards the median of the two). Hence was the market profile idea : more orientated to a frequency than to extremes seems to be a bit more logical choice.
Looking forward to that.
This is an extended version of adaptive super smoother from this post : https://www.mql5.com/en/forum/174980/page32 . It is multi time frame with linear interpolation added as well as alerts on a slope change are in it already
Yes that's exactly the one - (under the heading "CCI Study").
Here you go It is extended a bit (now it has 19 types of averages - this one is the first one that has a super smoother among other types of averages added to it). Added arrows but you can change the code (if you wish those to be dots set the codes for arrows to 159)
PS: as usual, some experimenting with parameters is recomended for specific symbols
Thank you sincerely for your prompt reply. I set it up using the "EMA" setting of 1 and it gives me exactly the result that I was looking for. Would it be possible for you to add another feature please? Similar to your "Colour Stochastic mtf" what I would like to see is when the CCI goes into the overbought zone the line turns green and for oversold zone it turns red.
Thank you sincerely
This is a qqe type indicator that is using velocity instead of Rsi.The indicator is mtf with alerts and arrows on zero cross or signal cross or both.
updated version posted here: https://www.mql5.com/en/forum/general
I can not make it using histogram for that (that is one of the limitations of metatrader 4). That is why color CCI was made the way it was made : using color lines instead of histogram. I believe that there are some versions of color CCI that are doing exactly what you are looking for
I'm not explaining myself well so I have attached a screenshot of a current trade that I'm running for your perusal. You will observe that the Indicator from Fx TSD called "Colour Stochastic + mtf" has the feature of the stoch-line turning green in the OB zone and then red when it enters the OS zone. I would like to know if the "CCI study 2" indicator could be programmed conceptually similarly (i.e. to turn green when the CCI transitions above the 100 line or red when when the CCI transitions below the -100 line.
Thanks & best regards from sunny South Africa,