CCI_OBOS_With_Confirmation - MetaTrader 5 Script - MT4/MT5 Resources
CCI OBOS with confirmation indicator is based on CCI and OBOS indicators. When these indicator lines are crossed and the trend direction is confirmed, the indicator places a signal label on the price chart.
The indicator has three input parameters:
The Orbos indicator is not required - it is calculated independently by the indicator
When the CCI line crosses upward above the OBOS line and the trend is bullish or uncertain, a green label is set on the candle's opening price. When the CCI line crosses downward below the OBOS line and the trend is bearish or uncertain, a red label is set on the candle's opening price.
If "Colored Candles" = "Yes", price chart candles will be colored with the trend color specified in the indicator color settings.
Figure 1. CCI OBOS confirmation
Figure 2. CCI OBOS confirmation + colored candles
Attachment download
📎 cci_obos_with_confirmation.mq5 (19.22 KB)
Source: MQL5 #22375
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