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CCI Semaphore Indicator for Entry and Exit Signals

Article MQL5 code base
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Summary

The document describes a semaphore-style indicator built around the Commodity Channel Index oscillator. Colored arrows on a chart mark potential entries, while blue diamonds or opposing arrows mark potential exits. It identifies the indicator as an earlier MQL4 implementation and gives its publication date in the source code base.

The available description does not explain the signal conditions, how the CCI is configured, or how the entry and exit markers should be interpreted in different market contexts. It includes no backtest, examples, or performance evidence, so readers cannot assess reliability or determine whether the signals suit a particular instrument or timeframe from this page alone.

Key ideas

  • The indicator uses the Commodity Channel Index oscillator to generate chart signals.
  • Colored arrows identify potential position entries.
  • Diamonds or opposing arrows identify potential exits.
  • The page does not explain signal rules or provide performance evidence.

Tags

Technical indicatorsMomentum

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