CC I OB O S With Confirmation
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 OB O S With Confirmation
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
CCI OBOS With Confirmation indicator is based on CCI and indicators. The indicator places signal labels to the price chart when crossing these indicator lines and confirming a trend direction.
The indicator has three input parameters:
OBOS period
- OBOS calculation period
CCI period
- CCI calculation period
Color candle
- color candles according to a trend direction
indicator is not required - it is calculated by the indicator independently
Signals:
When CCI line crosses the upper OBOS line upwards and a trend is bullish or uncertain, the
green
label is set on the candle open price When CCI line crosses the lower OBOS line downwards and a trend is bearish or uncertain, the
red
label is set on the candle open price
Color candle:
If Color candle = Yes, the price chart candles are colored in trend colors specified in the indicator color settings.
Fig. 1. CCI OBOS With Confirmation
Fig. 2. CCI OBOS With Confirmation + colored candles
