CCI Candles - MetaTrader 5 Script | Forex Indicator Downloads - MT4/MT5 Resources - MetaTrader 5 Resources
The CCI indicator is made into candles.
Four different CCIs are calculated:
These 4 values are then combined into a CCI "candle" display. It can be used like a normal CCI (using some important levels), or you can check when the candle crosses the zero line to check for trend change signals.
Attachment download
📎 cci_candles.mq5 (6.95 KB)
Source: MQL5 #20972
CCI Candles - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
CCI Candles - 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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