Based on CCI T3 - MetaTrader 5 script | Trading script download - MT4/MT5 resources
Usually CCI is calculated using the mean (simple moving average) and the mean deviation. This resulted in what is known as CCI that we all use.
Smoother results can be achieved in a number of ways. Prices can be smoothed (mean or biased) before used in calculations, and the mean and bias can then be replaced.
In this version, the mean is replaced by T3 and the deviation by EMA deviation. The reason for not using T3 bias is simple: T3 bias can be negative, which makes it unsuitable for CCI calculations, but regardless, the result is responsive and fast (as expected), and smoother than the original CCI (also as expected).
Attachment download
📎 cci_-_t3_based.mq5 (15.37 KB)
Source: MQL5 #21253
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