CCI on Stepping Channel - MetaTrader 4 Script | Forex Indicators Download - MT4/MT5 Resources
The classic CCI indicator uses a moving average of typical prices. This version uses the Midline Stepped Channel indicator.
This line will be created by the result of the tug-of-war between [rising price] and [falling price].
This chart shows the difference.
suggestion:
Use 2-cycle CCI
Fast CCI
Slow phase CCI
Attachment download
📎 cci_on_stepchannel.mq4 (9.79 KB)
Source: MQL5 #13873
CCI on Stepping Channel - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
CCI on Stepping Channel - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 resources are resources related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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