recursive cc i
Info
The recursive cc i is a Indicator for MetaTrader 5 that one more "experiment" using the cci. this indicator can calculate cci of cci of cci 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 recursive cc i
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
one more "experiment" using the cci.
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: MT F RS I Smoothed (Recursive) - another powerful indicator for MetaTrader 5 traders.
one more "experiment" using the cci.
this indicator can calculate cci of cci of cci of cci ... up to "level" 25.
Also recommended: recursive (double) smoothed stochastic - similar indicator with strong performance on MetaTrader 5.
when level 1 (one) is used, it is the same as "regular" cci. after that, cci of cci is calculated and so on (each new step uses previous step cci value instead of the price - it is calculating cci of cci instead of cci of price). levels are limited to 25 purely for practical reasons (the cci becomes in-recognizable after some level, but it can easily be extended in the code to calculate cci to any (reasonable) level.the rest of the usual stuff is already included :
floating levels
or quantile levels.
price smoothing/filtering - including the price smoothing methods. coloring choices and alerts. multi time frame ...
ps: higher levels of cci recursion should be used with care. the recursive method is highly experimental and should be used as such - do not use it based on a first impression but please do the testing part thoroughly before any usage.
You may also like: recursive median oscillator - 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.