Figure 1. The CCI_On_StepChannel indicator

CCI_On_StepChannel – indicator MetaTrader 5

by

Real author:

fxborg

The classic CCI indicator which uses the typical price of the moving average as a data source. This version of the CCI indicator uses the average line of the Volatility Step Channel indicator.

The line is created as a result of “tug of war” between the rising and falling prices.

The indicator uses SmoothAlgorithms.mqh library classes (copy it to <terminal_data_folder>\MQL5\Include). The use of the classes was thoroughly described in the article “Averaging Price Series for Intermediate Calculations Without Using Additional Buffers”.

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Originally this indicator has been written in MQL4 and was first published in the Code Base on 23.12.2015.

Figure 1. The CCI_On_StepChannel indicator

Figure 1. The CCI_On_StepChannel indicator


CCI_On_StepChannel – indicator MetaTrader 5
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