Recursive CCI – indicator for MetaTrader 5

  • Platform: Metatrader5
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • One more “experiment” using the CCI.


    This indicator can calculate CCI of CCI of CCI of CCI … up to “level” 25.

    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 …

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    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.

  • How to install MT5 indicator?
  • 1. On the desktop, double-click to open the MT45 trading platform software you installed.
  • 2. Click on “File” in the upper left corner – “Open Data Folder”, double-click the MQL5 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT5, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window
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