cc i alternative
Info
The cc i alternative is a Indicator for MetaTrader 5 that developed by donald lambert and featured in "commodities" magazine in 1980, the commodity channel index (cci) is a versatile indicator that can be used to identify a new trend or warn of extreme conditions. lambert originally developed cci to identify cyclical turns in commodities, but the indicator can be successfully applied to indices, etfs, stocks, and other securities.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use cc i alternative
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
developed by donald lambert and featured in "commodities" magazine in 1980, the commodity channel index (cci) is a versatile indicator that can be used to identify a new trend or warn of extreme conditions.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: True MF I (Alternative to Standard MF I) - another powerful indicator for MetaTrader 5 traders.
developed by donald lambert and featured in "commodities" magazine in 1980, the commodity channel index (cci) is a versatile indicator that can be used to identify a new trend or warn of extreme conditions. lambert originally developed cci to identify cyclical turns in commodities, but the indicator can be successfully applied to indices, etfs, stocks, and other securities.
Also recommended: candle grids - similar indicator with strong performance on MetaTrader 5.
in general, cci measures the current price level relative to an average price level over a given period of time:cci is relatively high when prices are far above their average.
cci is relatively low when prices are far below their average.
in this manner, cci can be used to identify overbought and oversold levels.
You may also like: pe m a 3 ht f - excellent alternative for indicator users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.