TheCCI, or Commodity Channel Index, was developed by Donald Lambert, atechnical analystwho originally published the indicator inCommoditiesmagazine (nowFutures) in 1980. Despite its name, the CCI can be used in any market and is not just forcommodities. The CCI was...
While often used to spot overbought and oversold conditions,the CCI is highly subjectivein this regard.5The indicator is unbound and, therefore, prior overbought and oversold levels may have little impact in the future. The indicator is alsolagging, which means at times it will provide poor sign...
To serve as aneconomic indicator: The Consumer Price Index is a measure of the inflation faced by the end user. It can determine the purchasing power of the dollar. It is also a proxy for the effectiveness of a governments economic policy To adjust other economic indicatorsfor price changes:...
Momentum indicator measures the speed that a currency’s price has changed over a given time span. Learn how to use this indicator in Forex trading.
Now that we've cleared the basics, let’s understand how consumer confidence is measured and why it matters to your business. How is consumer confidence measured? The Consumer Confidence Index (CCI) is an economic indicator where theConference Boardmeasures people...
1 indicator from each category Not more than 3 indicators I’ll explain. Know the purpose You have to know the purpose. What are you trying to achieve with your indicators? Are you trying to define the trend? Are you trying to use it as an entry trigger?
For C, in addition to creating C structures that represent stored datatypes, the OTT utility also generates parallel indicator structures that indicate whether an object type or its fields are null. This is not the case for C++. How to Use the OTT Utility ...
functions is intended to get the handle of one of the standard indicators, shipped with MetaTrader 5. They all have a certain set of parameters, depending on the indicator for which they are intended. For example, the for CCI indicator theiCCI()function is called, and it looks as follows:...
Var Mov Avg MetaTrader indicator— although it's based on the moving average, it doesn't use any standard MT4 moving average indicators. It uses own formula to calculate the moving average with a complex noise filter to produce more accurate signals. The indicator displays dotted line in...
You will need an access to the indicator's source code— .mq4 file for MetaTrader 4 and .mq5 file for MetaTrader 5. Sometimes indicators use more than one file for their source code. In such case, you would need .mqh files as well. You will not be able to add alerts to an ...