CCI Envelopes MT5
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2024-01-04
2 yellow lines represent the Envelopes with automatic deviation.The Envelopes indicator is a tool that attempts to identify the upper and lower bands of a trading range.Aqua line represents classic Commodity Channel Index added to the Envelopes
2 yellow lines represent the Envelopes with automatic deviation.
The Envelopes indicator is a tool that attempts to identify the upper and lower bands of a trading range.Aqua line represents classic Commodity Channel Index added to the Envelopes on the chart, not in a separate window.
The Commodity Channel Index (CCI) is a technical indicator that measures the difference between the current price and the historical average price.
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