CI - indicator for MetaTrader 5

CI – indicator MetaTrader 5

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Indicator CI (Congestion Identifier). It displays within how many bars before the current one the price was within the channel formed by the Close price of the current bar +/- Delta in points. It also displays the counter value threshold level and the marks, in which the counter is above or below that level.

The indicator has three configurable parameters:

  • Period – calculation period;
  • Delta – up/down shift from the price in points, which forms the channel width;
  • Level – threshold level of bars within the channel.

Calculations:

CI = count

where:

  • count – number of bars with the Close price within corridor Close+Delta – Close-Delta.
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Signals:

If PrevCI < Level and CI > Level:

Out = Level

If PrevCI > Level and CI < Level:

In = Level
  • Out – signal of exceeding the Level;
  • In – signal of entering back inside the Level upon having exceeded it.


CI – indicator MetaTrader 5
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