CC I Color Levels
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. 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 Color Levels
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 indicator looks like this:
Three types of graphical constructions were used for this visual effect:
("Level UP");
("CCI");
("Level DOWN"). Indicator Input
Averaging period
- indicator averaging period;
Level UP
- the UP level value;
Level DOWN
- the DOWN level value.
The UP and DOWN levels will be immediately shown in the indicator sub-window:
How to Access Indicator Data in an Expert Advisor
The DRAW_HISTOGRAM2 style is based on two indicator buffers, that is why we see two Level UP values and two Level Down values in Data Window:
These values correspond to indicator buffers from 0 to 4 inclusive.
In the Expert Advisor, we create an indicator handle using :
It is assumed here that the
CCI Color Levels
indicator is located in [data folder]\MQL5\Indicators\.
How indicator values are obtained (only buffers 0, 2 and 4 are significant):
In the above screenshot, the mouse points to a bar with index 0, "Data Window" with the indicator data is also shown, and EA's information about buffers 0, 2 and 4 is displayed on the chart.
