Smoothed CCI – indicator for MetaTrader 5

  • Platform: Metatrader5
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
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  • Recommended broker: icmarkets, XM
  • Original CCI (Commodity Channel Index) is calculated using what is known as mean absolute deviation. This version is using standard deviation
    instead. Also, in order to make it less “nervous” (which is probably one of the greatest reasons why CCI is not more popular than it is now),
    pre-smoothing using double smoothed Wilders EMA added and signals are generated on zero crosses

    PS: it is one in the “need-for-speed” series – suitable for usage using custom calls. Setting the ema period to
    <=1 will produce something similar to “regular” CCI, but do not confuse it with it : since in this one standard deviation is used, it is not
    and will not be the same as the built in CCI

  • 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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