Delta CCI MTF7 signal indicator: the best realization of the popular oscillator

Delta CCI MTF7 indicator is a modification of the popular CCI indicatorwhich allows you to track changes in price movement trends.

Delta CCI MTF7 indicator collects CCI data from seven timeframes - M5, M15, M30, M60, H1, H4, D1, W1. Also, in one window, it allows you to show the lines of three CCI indicators from three timeframes selected by the trader and the general trend of the currency in the form of a histogram.

The trend in the form of a histogram reflects the sum of all positive and negative trends from all seven timeframes, i.e. if the trend on the 3rd TF is Buy and on the 4th TF is Sell, the histogram will be slightly longer in Sell (red bars) than in Buy (blue bars). Accordingly, the greater the overweigh of one of the histograms - the greater the overweigh of the trend in that direction.

By default, the Delta CCI MTF7 indicator is set to classic trading (Trend filter = hard filter) - trend trading with timeframe H4, with inputs on smaller timeframes.

If necessary, you can disable the Trend filter (Trend filter= filter disabled), in this case all CCI indicator inputs from all periods will be shown.

There is also a filter on the prevailing trend, summarized from all periods - (Trend filter= medium filter). If the prevailing histogram is blue (buying) - only buy entries will be shown, if the prevailing histogram is red (selling), only sell entries will be shown.

The recommended timeframe for the Delta CCI MTF7 signal indicator is from M5 to H4. It is not recommended to set higher, as there will be a need to recalculate too much history on seven timeframes.

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