The Commodity Channel Index(CCI) indicator, built on a tick price chart.
At startup, it is necessary to wait for the arrival of the required amount of tick data for calculations.
Parameters:
- period – the number of single periods used to calculate the indicator.
- calculated bar – the number of bars on the chart for calculating the indicator.
Then follow the parameters that regulate the weights of the CCI oscillator signals (from 0 to 100). Their description can be found in the MQL5 Reference Book in the section Signals of the Commodity Channel Index oscillator.
- the oscillator has required direction – the value of the oscillator on the analyzed bar is growing/falling.
- reverse behind the level of overbuying/overselling – a reversal after the oversold/overbought level.
- divergence of the oscillator and price-divergence.
- double divergence of the oscillator and price – double divergence.
Buffer numbers: 0 – CCI_LINE, 1 – SIGNAL_UP, 2 – SIGNAL_DOWN.