-
Notifications
You must be signed in to change notification settings - Fork 7
Commit
This commit does not belong to any branch on this repository, and may belong to a fork outside of the repository.
+README text
- Loading branch information
Showing
1 changed file
with
14 additions
and
2 deletions.
There are no files selected for viewing
This file contains bidirectional Unicode text that may be interpreted or compiled differently than what appears below. To review, open the file in an editor that reveals hidden Unicode characters.
Learn more about bidirectional Unicode characters
Original file line number | Diff line number | Diff line change |
---|---|---|
@@ -1,2 +1,14 @@ | ||
# 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. | ||
# 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](https://github.com/EarnForex/CCI-Arrows/blob/main/README_Images/cci-arrows-indicator-for-metatrader-detects-tops-and-bottoms.png) | ||
|
||
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! |