CC I Averages Pre-Filtered
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use CC I Averages Pre-Filtered
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.
Description & Settings
The only thing that bothers me is its "roughness" or "being nervous". It jumps in a sudden changes very quickly and sometimes it simply limits its usefulness. Traditional ways of smoothing are simply not good enough for one simple reason: the peaks so characteristic to CCI are lost with any kind of smoothing (and I mean any kind).
The idea of this one is not to smooth the result, but to filter the price first and then to use those prices in CCI calculation. And, considering everything, results are surprisingly good.
This is the CCI pre-filtered indicator with an addition of 18 possible types of averages that can be used for pre-filtering.
