/CCI-Arrows

CCI Arrows is an indicator that uses classic CCI to detect trend changes and then draws up and down arrows when it finds such a change.

Primary LanguageMQL5GNU General Public License v3.0GPL-3.0

CCI Arrows

CCI Arrows is an indicator for MT4 and MT5 by EarnForex.com. It is based on the standard CCI (Commodity Channel Index) indicator. It finds points where CCI crosses the zero level and marks those points with up and down arrows on the chart.

The indicator draws its arrows in the main chart window, not in the separate window (where traditional CCI is displayed).

It is a non-repainting indicator but, unfortunately, it does lag considerably.

CCI Arrows catch trend local tops and bottoms very well on this daily EUR/USD chart albeit with a delay

A detailed description of the indicator can be found here: https://www.earnforex.com/metatrader-indicators/CCI-Arrows/

Any contributions to the code are welcome!