cc i candles of averages
Info
The cc i candles of averages is a Indicator for MetaTrader 5 that cci indicator made as candles. four different ccis are calculated:cci of smoothed high cci of smoothed low cci of smoothed open cci of smoothed close those 4 values are then combined into a "candles" display of cci.
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 candles of averages
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 indicator made as candles.
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: xander pulse candles - another powerful indicator for MetaTrader 5 traders.
cci indicator made as candles.
four different ccis are calculated:
cci of smoothed high
cci of smoothed low
Also recommended: heiken-ashi indicator: a synthetic candlestick approach - similar indicator with strong performance on MetaTrader 5.
cci of smoothed open
cci of smoothed close
those 4 values are then combined into a "candles" display of cci. it can be used as usual cci (using some significant levels) or you can check when the zero line is crossed by the candles in order to check for trend change signal.
using the prices smoothing makes the cci values significantly smoother. if, by any case, you wish to turn the prices smoothing off, simply set the smoothing period to less than or equal to 1.
You may also like: color candles daily - 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.