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).
When using this indicator, you can use color changes as signals
Attachment download
📎 cci_-_jma_based.mq5 (16.22 KB)
Source: MQL5 #22482
Based on CCI JMA - MetaTrader 5 script | Trading script download - MT4/MT5 resource usage and screening suggestions
Based on CCI JMA - 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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