CCICustomCandles - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Real author:
Christoph Risch(iya)
The indicator draws candles when the CCI indicator is found to be at overbought and oversold levels. The moment of entry into these areas is defined by the input parameter values.
Enter integer overbought = + 100 ; // overbought level Enter an integer oversold = - 100 ; // oversold level
The indicator was first implemented in MQL4 and published in the code base of mql4.com on July 1, 2008.
Figure 1 CCICustomCandles indicator
Attachment download
📎 cci_customcandles.mq5 (6.37 KB)
Source: MQL5 #1697
CCICustomCandles - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
CCICustomCandles - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator 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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