This appealing little tool is a derivation of the CCI indicator and was developed in 2023 by Mario Jemic for MT4. It has additional settings that the conventional CCI indicator does not have. Furthermore, it is combined with moving averages to create signals. This is lines crossing confirmation type indicator. Look for the orange line to cross the moving average (red line).
Differences from the original: 1. Though it was coded in 2023, the original is for people who are still running Windows 95 and would like to do technical analysis on MT4. 2. The original had an additional stochastic moving average that was not particularly useful and made the indicator busy. 3. All of the moving average options have been ported over with 2 additional choices. (Hull and Arnaud Legoux added). 4. The default options are set as the tweaks that were discovered by StoneHill Forex (stonehillforex.com/2023/07/stablefx-as-a-confirmation-indicator/). You can also download the original from them.
I will probably add a few more features and options in the near future such as visuals for crossovers etc.
Enjoy! d1g1talshad0w
릴리즈 노트
Fixed an issue where changing the CCI Source had no effect.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. 님은 즐겨찾기로 이 스크립트를 차트에서 쓸 수 있습니다.