Floating levels based on CCI JMA - MetaTrader 5 script | Trading script download - MT4/MT5 resources
Usually CCI is calculated using the mean (simple moving average) and the average deviation.
In this version, the average is replaced by the well-known JMA (Jurik Moving Average) instead of the smoothing phase, and the deviation is replaced by the EMA deviation. The result of this is more responsive and faster (as expected) and better than the original CCI (as expected). Additionally, this version does not use fixed levels but floating levels. Float levels adjust to market fluctuations, which makes this version of CC more responsive
When using this indicator, you can use color changes as signals
Attachment download
📎 cci_-_jma_based_-_fl.mq5 (16.86 KB)
Source: MQL5 #22483
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •