XCCI - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
The indicator is a standard Commodity Channel Index with a standard average deviation formula as well as the possibility to choose a smoothing algorithm and dynamically change oversold/overbought levels.
The only difference between this indicator and its standard equivalent is that the smoothing algorithm can be changed by selecting the appropriate one of the ten existing algorithms:
It should be noted that the Phase parameter has completely different meanings for different smoothing algorithms.
Oversold/overbought levels are expressed in dynamically changing variables based on Bollinger Bands® which provide them with more accurate work.
The indicator uses the SmoothAlgorithms.mqh library class (must be copied to terminal_data_folder\MQL5\Include). The use of the class "Average price series for intermediate calculations without using additional buffers" is described in detail in the article.
Attachment download
📎 smoothalgorithms.mqh (133.8 KB)
📎 xcci.mq5 (8.48 KB)
📎 xcci_bb.mq5 (11.93 KB)
Source: MQL5 #490
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