Today, let's dive into the Exponential Commodity Channel Index (CCI), a powerful tool for traders looking to enhance their MetaTrader 5 setup. Unlike the traditional CCI developed by Donald Lambert, this version utilizes exponential moving averages, offering a fresh perspective on market trends.
This implementation is designed with flexibility in mind, thanks to its use of conditional compilation. This means it will seamlessly work on both MQL4 and MQL5 platforms. And here’s a heads-up: all the source code from my CodeBase publications is now accessible in the “Public Projects” tab of MetaEditor under the name “FMIC”. So, feel free to check it out!
With the right tools in your arsenal, you can navigate the markets more effectively. Happy trading!
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