Re: CCI indicators for MT4

364
This CCI indicator has multi uses.
Firstly and obviously it has a default setting as a CCI-233.
It shows histograms with stronger momentum, higher highs or lower lows in red, trending momentum in orange and divergence in blue - with sideways or change areas in DarkGray.
Secondly it can be used by those who use chart traps (trendlines) as a starting point where it crosses zero. Traps MUST have a standard starting point otherwise they can start at every top and bottom the trader ‘sees’ on the chart. See illustration with traps shown in thicker black.
Thirdly it shows a background colour of the indicator when it crosses zero in the next UPPER timeframe – very useful.
Fourthly it can show this same background colour ON THE CHART for when the indicator crosses zero in the next upper timeframe - but only on FX instruments – NOT on indices and stocks charts.

viewtopic.php?p=1295420678#p1295420678
This is the post for the S&R horizontals on chart.

Regards
TEAMTRADER
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Re: CCI indicators for MT4

366
Antonio wrote: Tue Oct 20, 2020 2:00 am

Hello MrTools ? if only we could add some divergences to it, it would just turn out to be a bomb)))) thank you for earlier!
Added divergence.
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Re: CCI indicators for MT4

368
mehran.trex wrote: Tue Oct 20, 2020 10:11 pm

Hello Thanks for your attention...
hi new guy.............. u dont even add avatar yet & already asking request!!! maybe say hello or something first :lolno: :lolno: :lolno:
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