Lnx CCI indicator: correct Woodies CCI by mladen
Lnx CCI indicator - is a modification of the well-known Woodies CCI indicator for MetaTrader 5 terminal, made by the author of many popular indicators mladen.
The Lnx CCI indicator has a correct implementation of the rules of trend change (if you strictly follow Woody's strategy, then on the bar preceding the change of the trenda yellow bar should appear).
The Lnx CCI indicator has added EMA and LSMA (linear regression value) slopes. They look like colored lines, which give additional information in decision making when Woodies CCI is used (the original uses three separate indicators, but here is an all-in-one version).
Note that the Woodies CCI system predominantly trades only on 5-minute charts. Thus, the default settings of the Lnx CCI indicator are designed for timeframe М5. To use Lnx CCI indicator on other time periods, the settings should be selected experimentally.
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