CCI_Chart - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

Yuri Tokman (YTG)

The CCI indicator in the main chart window is compared to the Moving Average indicator. The CCI indicator is shown in green, the moving averages in red, and the levels of the default values ​​are shown as borders of the light gray channel.

Indicator input parameters:

 //+------------------------------------------------------------------------+
//|Indicator input parameters |
//+------------------------------------------------------------------------+
Input unit period CCI= 14 ; // CCI indicator period
Enter Smooth_Method XMA_Method= mode_SMMA ; // Average method
Input unit X length = 12 ; // average depth
Input integer X phase = 15 ; // Smoothing parameter,
//---- For JJMA in the range of -100 ... +100, it will affect the quality of the transition process;
//----For VIDIA, it is the CMO cycle, for AMA, it is the slow average cycle
Enter double dev = 1.0 ; // channel width deviation
Enter ENUM_APPLIED_PRICE apply price = PRICE_CLOSE ; // price type or handle
Enter integer level_CCI_UP = 100 ; // Overbought level
Enter an integer Level_CCI_DN = - 100 ; // Oversold level
Enter integer shift = 0 ; // indicator moves horizontally (in bars)

The indicator uses SmoothAlgorithms.mqh library class (copy it to \MQL5\Include). The use of the class "Average price series for intermediate calculations without using additional buffers" is described in detail in the article.

This indicator was originally written in MQL4 and first published in the code base on March 11, 2016.

Figure 1. CCI_Chart indicator

Attachment download

📎 cci_chart.mq5 (10.7 KB)

📎 smoothalgorithms.mqh (130.19 KB)

Source: MQL5 #15083