Hey traders! If you’re looking to level up your trading game, let’s talk about the JCCX Indicator for MetaTrader 5. This tool is based on the standard Commodity Channel Index (CCI) but with a twist. Instead of the usual smoothing techniques, it uses ultralinear smoothing via the CJurX class from the SmoothAlgorithms.mqh library. Just a heads up, make sure to drop that file into your terminal's data folder under MQL5\Include.
For those interested in the nitty-gritty, the use of this class is explained in detail in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers". It’s definitely worth a read if you want to know the mechanics behind the magic.
The final version of the JCCX Indicator is smoothed using the CJJMA class from the same library. What’s great about this indicator is that you can apply all the usual technical analysis methods that you would use with the standard CCI. So, whether you're looking for overbought/oversold signals or trend reversals, you’re covered!
Comments 0