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Woodies CCI - MetaTrader 5 Script - MQL5 #2034 - MT4/MT5 Resources

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Woodies CCI - indicator for MetaTrader 5

A widely used indicator with two CCI ( Commodity Channel Index ) from different time periods.

The indicator was originally written in MQL4 and first published in the code base of mql4.com on November 6, 2007.

Woodies CCI - indicator for MetaTrader 5

Figure 1. WoodiesCCI indicator


Attachment download

📎 woodiescci.mq5 (8.01 KB)

Source: MQL5 #2034

Woodies CCI - MetaTrader 5 Script - MQL5 #2034 Usage and Filtering Advice

Woodies CCI - MetaTrader 5 Script - MQL5 #2034 is a resource related to foreign exchange 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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