{quote} Hello my Friend mrtools Do we have it for mq4 My Regards
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This is a mt4 version, noticed none of the Apirine adaptive ema's were working in the mt5 version so fixed those and changed them out in the mt4 version as well. Also added one new mt5/mt4 Apirine type fast ema.
{quote} This is a mt4 version, noticed none of the Apirine adaptive ema's were working in the mt5 version so fixed those and changed them out in the mt4 version as well. Also added one new mt5/mt4 Apirine type fast ema. {image} {image} {file} {file}
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Added about 12 more harmonic price types to the price options on these 2 versions.
This is a dynamic zone step mfi with price smoothing if desired. Coloring is when the fast step ma crosses the mfi and arrows and alerts are when fast step ma crosses the slow step ma.
Theory:
The commodity channel index (CCI) is an oscillator originally introduced by Donald Lambert in 1980. It is calculated as:
(price - average) / (0.015 * mean absolute deviation) This version:
In this version we are adding (changing) the following:
option to change the mean absolute deviation to:
standard deviation
ATR (average true range)
option to chose to smooth the value of such a "CCI"
option to change color on zero crosses or on slope direction change
What is the same as in regular CCI (if smoothing is not used):
- the crosses of the zero line will always be exactly the same as in regular CCI (regardless if you use ATR or standard deviation for calculation)
What is different :
- levels are not going to be the same (that will eventually need adjustments if you are used to use levels when using CCI for trading decisions)
- slope of the CCI is not going to be the same
Usage:
You can use the color changes for signals.
Added some more cci mean absolute deviation choices and this version uses Donchian channel instead of levels. Also posted Mladen's mt5 version.
