CCI - Based on EMA - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources
CCI (Commodity Channel Index) is usually calculated using a simple moving average and the average deviation based on the same simple moving average.
This version of CCI is changing that. Instead of using a simple moving average, it uses EMA (Exponential Moving Average), and instead of using average deviation, it uses EMA deviation (originally posted here EMA deviation ). This gives us a completely new CCI and the difference compared to the original Donald Lambert calculation is significant in many cases.
Attachment download
📎 cci_-_ema_based.mq5 (10.35 KB)
Source: MQL5 #20925
CCI - Based on EMA - MetaTrader 5 script | Trading script download - MT4/MT5 resource usage and screening suggestions
CCI - Based on EMA - 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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