WCCI Metatrader 5 Forex Indicator

WCCI is short for Weighted CCI, and represents a Metatrader 5 custom indicator that is comprised of two CCIs (fast and slow), which are calculated bearing in mind the ratio of two ATRs (fast and slow), along with two maximum overbought/oversold levels.

Two distinct lines are on display within the WCCI MT5 indicator window: the fast CCI and the CCI line.

Free Download

Download the “WCCI.ex5” MT5 indicator

Example Chart

There are ten input parameters that available on the WCCI MT5 indicator:

CCI Fast period – defines the fast CCI calculation period;

CCI Slow period – defines the slow CCI calculation period;

Weight – displays the influence of ATR values on CCI values;

ATR Fast period – defines the fast ATR calculation period;

ATR Slow period – defines the slow ATR calculation period;

Applied price – explains the price used for the calculation of two CCIs;

Overbought max – explains the maximum overbought value deployed in the calculations;

Overbought – displays the overbought level;

Oversold – displays the oversold level;

Oversold min – defines the minimum oversold value deployed in the calculations.

The green line represents the fast Weighted CCI, while the red line depicts the slow Weighted CCI.

This is not a standalone indicator, we advise that you proceed to use along with other relevant technical tools.

Download

Download the “WCCI.ex5” Metatrader 5 indicator

MT5 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 5

Type: chart window indicator

Customization options: Variable (CCI Fast period, CCI Slow period, Weight, ATR Fast period, ATR Slow period, Applied price, Overbought max, Overbought, Oversold, Oversold min), Colors, width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: oscillator

Installation

Copy and paste the WCCI.ex5 indicator into the MQL5 indicators folder of the Metatrader 5 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL5 > Indicators (paste here)

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