cc i averages pre-filtered
Info
The cc i averages pre-filtered is a Indicator for MetaTrader 5 that cci is without any doubt a useful indicator. the only thing that bothers me is its "roughness" or "being nervous".
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 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.
What this tool does
cci is without any doubt a useful indicator.
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: trade with moving averages (mas) - another powerful indicator for MetaTrader 5 traders.
cci is without any doubt a useful indicator.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).
Also recommended: Moving Averages Convergence/Divergence Indicator - similar indicator with strong performance on MetaTrader 5.
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.
You may also like: Three Ichimoku Cloud Moving Averages - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property indicator_separate_window
#property indicator_buffers 2
#property indicator_plots 1
#property indicator_label1 "cci pre-filtered"
#property indicator_type1 draw_color_line
#property indicator_color1 clrsilver,clrlimegreen,clrorangered
#property indicator_style1 style_solid
#property indicator_width1 2.......
⚠ 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.