CCI - Double Smoothed Wilder EMA filtered with floating levels - MetaTrader 5 script
This CCI (Commodity Channel Index) indicator differs from the "regular" CCI indicator in two main ways:
Additionally, to help spot trends, floating levels have been added to the indicator. You can use 3 coloring modes:
You can use color changes as signals
Attachment download
📎 cci_cdouble_smoothed_wilders_ema72flc.mq5 (15.72 KB)
Source: MQL5 #24630
CCI - Double Smoothed Wilder EMA with Floating Level Filtering - MetaTrader 5 Script Usage and Filtering Advice
CCI - Double Smoothed Wilder EMA Filtered with Floating Levels - MetaTrader 5 script belongs to the Forex 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 only on titles or short-term profit descriptions.
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