i-PassLevCCI_v.1.3 - MetaTrader 5 Script - MT4/MT5 Resources
The semaphore signal indicator uses the commodity Chanel Index oscillator.
Signals for opening a position are displayed on the chart as corresponding colored arrows. Signals for exiting a position appear as blue diamonds or reverse arrows.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on February 10, 2008.
Figure 1. i-PassLevCCI_v.1.3 indicator
Attachment download
📎 i-passlevcci_v13.mq5 (9.56 KB)
Source: MQL5 #1898
i-PassLevCCI_v.1.3 - MetaTrader 5 script usage and screening suggestions
i-PassLevCCI_v.1.3 - MetaTrader 5 scripts are trading script related resources. 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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