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CCI Candle Indicator with Smoothed Values and Thresholds

Article MQL5 code base
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Summary

This document describes a CCI-based indicator that applies additional smoothing to its resulting candles and to its dynamic overbought and oversold levels. Its configurable inputs include the CCI period, volume type, threshold levels, a gap in points, smoothing method and depth, phase parameter, and horizontal shift. The listed defaults use a 14-period CCI and T3 smoothing with a depth of 12.

The text gives configuration details rather than a trading rule, chart interpretation, or performance evaluation. It does not explain how the candle values or dynamic thresholds are calculated, define entry or exit conditions, or provide evidence that smoothing improves signals. The implementation depends on a separate smoothing library for MetaTrader 5, and the source refers readers elsewhere for details on those averaging methods. Treat it as a description of an indicator's parameters, not as a tested strategy.

Key ideas

  • The indicator smooths its CCI-derived candles and dynamic overbought and oversold levels.
  • Its inputs allow the user to set the CCI period, volume type, thresholds, smoothing method, and smoothing depth.
  • The documented defaults specify a 14-period CCI and T3 smoothing with a depth of 12.
  • The description supplies no trading rules or performance evidence.

Tags

Technical indicators

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.