From Mladen Rakic:::

This indicator is one of the series of "experiments"

even though it is named CCI, it is not actually CCI
the calculating method is changed significantly compared to original CCI which make the usage as it is usual for classical version (via fixed levels) obsolete
for that reason a sort of dynamic levels are added (a sort of Donchian channel levels added)
basic types of averages can be used :
for main calculation
for price smoothing (as a possible method of signals filtering without significant lag addition)

Recommendations:

You can use the color changes as signals
Comparison :

An example why is it still called CCI.
Upper is this indicator, lower is the classical CCI.
Regardless of the completely different values produced, the relative values / slopes are very similar

Milad8732 wrote: Fri Apr 22, 2022 5:23 am Hello Mr tools ;
i have request
please mt5 version of this indicator
divergence of it is very accurate
respect sir
thank you sir

Made a mt5 version.

mrtools wrote: Mon Apr 25, 2022 4:08 am Made a mt5 version.

respect Mr tools;
thank you master !

From Mladen Rakic:

Theory :

This CCI (Commodities Channel Index) indicator deviates from "regular" CCI in two main points :

it is using standard deviations for calculations (instead of using mean absolute deviation)
it is allowing us to use double smoothed Wilder's EMA for price filtering (and that way it filters out some false signals)
Usage :

You can use it as any regular CCI

For experimenting, this is cci from post above smoothed with T3....Maybe some expert check if it coded correctly....

mrtools wrote: Mon Apr 25, 2022 4:08 am Made a mt5 version.

Hello MrTools, thank you for this great indicator. I have a request. Can you please add arrows when the blue and red line cross. Looking forward to it. Thanks for your time and amazing work here.

spaceboy wrote: Sat Sep 23, 2023 4:33 pm Hello MrTools, thank you for this great indicator. I have a request. Can you please add arrows when the blue and red line cross. Looking forward to it. Thanks for your time and amazing work here.

Added the crossing arrows.

may alerts please be added upon color change?

Chickenspicy wrote: Sat Oct 21, 2023 8:35 pm may alerts please be added upon color change?

Try.

mrtools wrote: Sun Oct 22, 2023 7:55 amTry.

Looking good thanks