CI - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
Indicator CI (Congestion Identifier). It shows how many bars before the current bar the price was within the channel formed by the closing price of the current bar +/- Delta (in points). It also displays the counter value threshold level and flags where the counter is above or below the level.
The indicator has three configurable parameters:
CI = count
Where:
If the previous article CI < level and CI > level :
output = level
If previous CI > level and CI < level :
input = level
- Out - a signal to go beyond the level;
- After - the signal returns inside the level after it has been exceeded.
Attachment download
📎ci.mq5 (9.16 KB)
Source: MQL5 #21225
CI - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
CI - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange 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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