Re: MT5 CCI indicators

21
crispy breakout
These users thanked the author MACDBOSS for the post:
mrtools
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Re: MT5 CCI indicators

23
Jurik CCI Floating Levels

This is a Jurik based CCI using EMA (Exponential Moving Average) deviation instead of the typical CCI deviation.

The Jurik used is from the Double Smooth Jurik filter with a "Power" feature as seen on some TradingView Jurik Moving Averages. To use the Jurik power, the Power would need to be above 0 or else the Power will be done the usual, internal way.

This particular indicator, based off Mladen's initial code, shows that this improved CCI is now quicker and more responsive, offering a smoother experience than the original CCI. Furthermore, it employs Floating Levels (instead of the standard +100 and -100 fixed levels) which will adjust to market volatility, enhancing responsiveness.
These users thanked the author mrtools for the post (total 12):
nbibu, RodrigoRT7, kvak, Cagliostro, Ricstar_8, Jimmy, moey_dw, Akela, doolfrews, Mundu19, alexm, Eis