CCI_DrawMode - MetaTrader 5 script | Trading script download - MT4/MT5 resources
This indicator has an option for the user to change the drawing mode. CCI is used as an example here, but it can be applied similarly to any oscillator. The histogram is enhanced by the new parameter "Confirmation (number of bars)", whose purpose and application are the same as the similar parameter WoodieCCI. Note that this parameter does not affect line and color fill drawing modes.
Attachment download
📎 cci_drawmode.mq5 (6.76 KB)
Source: MQL5 #1088
CCI_DrawMode - MetaTrader 5 script | Trading script download - MT4/MT5 resource usage and screening suggestions
CCI_DrawMode - MetaTrader 5 script | Trading script download - MT4/MT5 resources 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 only on titles or short-term profit descriptions.
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