CCI (commodity channel index) – one of the most popular standard indicators in MetaTrader 4. CCI sometimes it gives false signals, so to increase the accuracy, popularly used several indicators CCI with different periods.
The use of several additional windows with indicators has a significant drawback – you have to pile their working field and the work becomes more difficult.
Indicator Improved CCI solves this problem! It’s still the same standard CCI, but instead of 1 line 3 is used with different periods for one additional window.
The indicator can operate in two modes:
- full mode: On one additional line box drawn 3 CCI. You can choose for each line type, thickness and color.
- Simplified mode: On the additional box is drawn only one line, and that’s the way: three lines CCI from different periods, it is drawn only one that is closer to the modulo 0. Improved CCI give a signal only if at the same time all 3 CCI various periods of his will.
To enable the simplified regime, set Easy mode in value true.
If you need to use only two CCI, then you can have two lines to put the same period, and they will be as one. And if you put all three lines of the same period, you will receive standard CCI.
Improved CCI in contrast to the classical CCI It gives signals less frequent, but more accurate. Both modes can be used to create / improve trading strategies. The default setting is the optimum periods for the daily chart.
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