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

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CCIBands - indicator for MetaTrader 5

When using CCI, it is important to know where the indicator falls between the highest/lowest values ​​and the boundary bar values. Two indicator lines (one for high values ​​and one for low values) are added to the code. The correlation coefficient also exists as a parameter.

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.

The indicator was originally written in MQL4 and first published in the code base on March 16, 2015.

CCIBands - indicator for MetaTrader 5

Figure 1. CCIBands indicator


Attachment download

📎 ccibands.mq5 (9.38 KB)

📎 smoothalgorithms.mqh (130.19 KB)

Source: MQL5 #13129

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