The indicator of patterns. It is based on the smoothed Commodity Channel Index and Bollinger Bands®. The main idea is the crossing of CCI and its signal line when the price crosses the upper or the lower boundary of Bollinger Bands. The default timeframe value is 5 minutes.
This indicator was first implemented in MQL4 and published in Code Base on 28.11.2008.
The indicator uses SmoothAlgorithms.mqh library classes (must be copied to the terminal_data_folder\MQL5\Include). The use of the classes was thoroughly described in the article “Averaging Price Series for Intermediate Calculations Without Using Additional Buffers”.
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