KWAN_CCC - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

A simple oscillator based on the values ​​of the Chaikin Oscillator, Commodity Channel Index and iMomentum indicator and implemented in the form of a two-color histogram.

Indicator calculation formula:

 kwan = MA(iChaikin[bar] * iCCI[bar] / iMomentum[bar])

The growth of financial assets is usually accompanied by the growth of the indicator and the light blue color of the histogram. If the indicator falls and the histogram appears red and pink, the asset is considered to have declined. The best time to execute a trade is when the histogram bars change color.

The indicator uses SmoothAlgorithms.mqh library class (copy it to \MQL5\Include). These classes perform intermediate calculations on average price series without using additional buffers .

Figure 1. Indicator KWAN_CCC

Attachment download

📎 KWAN_CCC.mq5 (18.95 KB)

📎 SmoothAlgorithms.mqh (130.2 KB)

Source: MQL5 #20608