CVI - MetaTrader 5 Script - MQL5 #20150 | Forex Indicator Download - MT4/MT5 Resources
The oscillator shows the price deviation from the moving average taking into account ATR.
Calculation formula:
Modified formula:
The indicator has six input parameters:
Figure 1 Unmodified calculation algorithm
Figure 2 Improved calculation algorithm
Attachment download
📎 cvi.mq5 (10.13 KB)
Source: MQL5 #20150
CVI - MetaTrader 5 Script - MQL5 #20150 | Foreign Exchange Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
CVI - MetaTrader 5 Script - MQL5 #20150 | 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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