CCI Histogram Round Indicator
Info
The CCI Histogram Round Indicator is a Indicator for MetaTrader 5 that this indicator is a standard cci oscillator presented as a histogram, rounding its values to a specified range. The rounding levels are:- 1 — no rounding- 2 — all values divided by two- 5 — all values divided by five- 10 — all values divided by ten- 20 — all values divided by twenty- 50 — 0, 50, 100, etc.
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 CCI Histogram Round Indicator
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
This indicator is a standard CCI oscillator presented as a histogram, rounding its values to a specified range.
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: Session Levels Indicator: Asian Range, PDH/PDL, VWAP, Swings, and Round Numbers - another powerful indicator for MetaTrader 5 traders.
This indicator is a standard CCI oscillator presented as a histogram, rounding its values to a specified range.Also recommended: RSI Histogram Indicator for MT5 - similar indicator with strong performance on MetaTrader 5.
The rounding levels are:
- 1 — no rounding
- 2 — all values divided by two
- 5 — all values divided by five
- 10 — all values divided by ten
- 20 — all values divided by twenty
- 50 — 0, 50, 100, etc.
For negative CCI values, rounding occurs towards the lower side, and for positive CCI values, rounding is towards the greater side.
The rounding level is controlled by the input parameter:
input enam_round_mode round=x10; // rounding level
Fig. 1. CCI Histogram Round Indicator
You may also like: multi-timeframe macd histogram indicator (v03) - excellent alternative for indicator users on MetaTrader 5.
Source Code
/.......
⚠ 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.