Double CCIWith this variant of the CCI indicator you have 2 CCIs. I call it convenience the fast and the slow.
The slow one has the default period of 20. The fast one has a lower value and will therefore also change his direction much faster.
I don't use this as a decisive indicator, but the fast one does indicate where the standard CCI might go and so you are already prepared for the decisive moment.
I've added a zero line so you can visually track whether the buyers or the sellers are predominant.
Between 0 and +100, as well as between 0 and -100 there is still a battle between buyers and sellers and it is better to wait a little longer before entering a trade.
From +100 to +250 I have colored the zone green; here the buyers are winning and it is a confirmation that you can safer enter the BUY.
From -100 to -250 it's colored red; here the sellers are firmly winning and it is a confirmation to go into a SELL.
Most values are adjustable via the settings and can be switched on or off.
This indicator is not intended to be used as the sole decision element, but rather to fine-tune your entry and exit points . Maybe wait a little longer than you normally would, but then be able to step in at the right time that there is enough volume in your desired direction.
Good luck with it and I would love feedback.
Thank you Tradingview-community.
Indice Commodity Channel (CCI)
CCI+MACD+VWAP+BreakoutDesign for LONG and Day Trade only
- Identify buy and sell signal using CCI
- Green Zone when
-- Price over VWAP
-- EMA9 > EMA50 > EMA200
-- MACD fast > MACD slow
- Yellow Zone when either one failed
- White line occurs when breakout of Higher High + Higher Low
TMS CCI is based on Commodity Channel IndexThis indicator is based on CCI, but draws the CCI link green/red. If CCI line is above zero, then it is painted green. If CCI is lower than zero, then it is painted red.
How to trade:
Buy Side
1. When CCI crosses above zeroline from under, it is a bullish signal, Wait for the candle to close and place an order at the closing price. Exit when CCI crosses below zeroline.
Sell Side
2. When CCI crosses below zeroline from above, it is a bearish signal, Wait for the candle to close and place an order at the closing price. Exit when CCI crosses above zeroline.
VHF-Adaptive CCI [Loxx]VHF-Adaptive CCI is a CCI indicator with adaptive period inputs using vertical horizontal filtering.
What is CCI?
The Commodity Channel Index ( CCI ) measures the current price level relative to an average price level over a given period of time. CCI is relatively high when prices are far above their average. CCI is relatively low when prices are far below their average. Using this method, CCI can be used to identify overbought and oversold levels.
What is VHF Adaptive Cycle?
Vertical Horizontal Filter (VHF) was created by Adam White to identify trending and ranging markets. VHF measures the level of trend activity, similar to ADX DI. Vertical Horizontal Filter does not, itself, generate trading signals, but determines whether signals are taken from trend or momentum indicators. Using this trend information, one is then able to derive an average cycle length.
Included
Bar coloring
Signals
Alerts
All TimeFrame OscillatorsI have always fighted to understand the market direction because it looks different on different timeframes.
I wanted an indicator where I can see all the different timeframes at once.
This indicator shows already existing oscillators but not only in the current chart's timeframe, but all the most important higer timeframes at once.
I have started with the stoch, then added as many oscillators as I could.
Experimenting with this I have saw that confluence of 4H 1D and 1W Stoch can be very interesting and can highlight higher timeframe take profit areas and sometimes major tops/bottoms.
Also bounces can be interesting when a lower timeframe stoch is bounced or rejected from a higher one.
Oscillators:
Stoch - Stochastic Oscillator
SMI - Stochastic Momentum Index
Rsi - Relative Strength Index
StochRsi - Stochastic RSI
WaveTrend - Vumanchu alias Market Cypher Wave Trend line
CCI - Commodity Channel Index
CCIStoch - Stochastic CCI
Williams Percent Range - Williams %R
Norm. MACD - Normalized Moving Average Convergence Divergence
Norm. MACD Hist - Normalized MACD Histogramm
PVT - Normalized Price Volume Trend
MFI - Money Flow Index
CMF - Chaikin Money Flow
Chande Momentum - Chande Momentum
Volume - Normalized Volume
CandleValue - Vumanchu alias Market Cypher MoneyFlow
BBWP - Bollinger Band Width Percentile
Line Type
Smooth: lines are smoothed, but the actualy not closed values are not shown
Step: Step lines, the actually open timeframes are calculated as they closed at the current values
Plot Oscillator or it's Slope:
its possible to not plot the oscillator but it's slope
Print dots when:
Cross Up/Down oversold/overbougt level - best for most oscillators. for example when Stoch crosses above 20 or below 80
Cross os/ob and the one higher TF is about to cross - when it's crosses beolw 80 and the higher timeframe oscillator is still above ans sloping down
Cross above/below middle line - for example on RSI being above or below 50 can be interesting
Print triangles when:
All Slope Match - all visible timeframe lines are pointing up or down at the same time
All above/belove middle line - all visible lines are above or belove the middle line
All above/belove middle line and slope match - like the previous one and the slope direction is the same
All above/below oversold/overbougt - all lines are above or below os/ ob. this is the default. it can be a very important confluence
Lower TF in order - 5, 15, 30, 60 minute timeframes are in order.
Higher TF in order - 4H 1D 1W in order (like 4H above 1D abd 1D above 1W). can be interesting at RSI
4H-1D in order - 4H 1D in order .
Print triangles
Print all triangles - print all triangles when the condition is met
Print only first triangles - only show when the condition starts to met
Print only last triangles - small triangles when the condition met first, large when last. tis is the default.
Timeframes to show:
You can turn on/off different timeframs to show or not from the list below:
1m 5m 15m 30m 1H 4H D 5D W M
This is for experimenting/ understanding the market direction on multiple timeframes at once.
Don't take it's signals (and any other indicator's) as exact trade signals. use it as confirmation instead.
Any comments, insights, ideas are welcome.
Genesis Matrix [Loxx]Over a decade ago, the Genesis Matrix system was one of best strategies for new traders looking to learn how to really trade trends. Fast forward to 2022, a new version of Genesis Matrix has emerged using TVI, CCI, HL Channel & T3
What is T3?
The T3 moving average is an indicator of an indicator since it includes several EMAs of another EMA. Unlike any other moving average, it adds the so-called volume factor, a value between 0 and 1. Like the SMA, traders typically use this indicator to spot trends and trend reversals.
What is CCI?
The Commodity Channel Index ( CCI ) measures the current price level relative to an average price level over a given period of time. CCI is relatively high when prices are far above their average. CCI is relatively low when prices are far below their average. Using this method, CCI can be used to identify overbought and oversold levels.
Genesis matrix uses Jurik-Smoothed CCI w/ MA Deviation--a spin on regular CCI .Usually CCI is calculated as using average ( Simple Moving Average ) and mean deviation. In this version, average is replaced with well known JMA (Jurik Moving Average) instead for the smoothing phase and the deviation is replaced with variety moving average deviation. The result in this one is responsive and fast (as expected) and also it is smoother than the original CCI (as expected).
What is SSL?
Known as the SSL, the Semaphore Signal Level channel chart alert is an indicator that combines moving averages to provide you with a clear visual signal of price movement dynamics. In short, it's designed to show you when a price trend is forming. For our purposes here, SSL has been modified to allow for different moving average selection and different closing price look back periods.
What is William Blau Ergodic Tick Volume?
This is one of the techniques described by William Blau in his book "Momentum, Direction and Divergence" (1995). If you like to learn more, we advise you to read this book. His book focuses on three key aspects of trading: momentum, direction and divergence. Blau, who was an electrical engineer before becoming a trader, thoroughly examines the relationship between price and momentum in step-by-step examples. From this grounding, he then looks at the deficiencies in other oscillators and introduces some innovative techniques, including a fresh twist on Stochastics. On directional issues, he analyzes the intricacies of ADX and offers a unique approach to help define trending and non-trending periods.
William Blau's definition of TVI ergodicity is that the indictor is ergodic when periods are set to 32, 5, 1, and the signal is set to 5. Other combinations are not ergodic, according to Blau.
How to use
Long signal: All 4 indicators turn green
Short signal: All 4 indicators turn red
Included
Bar coloring
Jurik-Smoothed CCI w/ MA Deviation [Loxx]Jurik-Smoothed CCI w/ MA Deviation is a spin on regular CCI. Usually CCI is calculated as using average (Simple Moving Average) and mean deviation. In this version, average is replaced with well known JMA (Jurik Moving Average) instead for the smoothing phase and the deviation is replaced with variety moving average deviation. The result in this one is responsive and fast (as expected) and also it is smoother than the original CCI (as expected).
What is CCI?
The Commodity Channel Index (CCI) measures the current price level relative to an average price level over a given period of time. CCI is relatively high when prices are far above their average. CCI is relatively low when prices are far below their average. Using this method, CCI can be used to identify overbought and oversold levels.
What is Jurik Volty used in the Juirk Filter?
One of the lesser known qualities of Juirk smoothing is that the Jurik smoothing process is adaptive. "Jurik Volty" (a sort of market volatility ) is what makes Jurik smoothing adaptive. The Jurik Volty calculation can be used as both a standalone indicator and to smooth other indicators that you wish to make adaptive.
What is the Jurik Moving Average?
Have you noticed how moving averages add some lag (delay) to your signals? ... especially when price gaps up or down in a big move, and you are waiting for your moving average to catch up? Wait no more! JMA eliminates this problem forever and gives you the best of both worlds: low lag and smooth lines.
Included:
Bar coloring
35+ moving averages
Jurik Filtered Perfect CCI (PCCI) [Loxx]Jurik Filtered Perfect CCI (PCCI) is a faster and more accurate version of CCI with Jurik Filtering.
What is the PCCI (Perfect Commodity Channel Index)?
PCCI (Perfect Commodity Channel Index) indicator is calculated by the following formula:
PCCI(bar) = close(bar) – DF(bar)
PCCI resembles D. Lambert's Commodity Channel Index by the method of its calculation.
Actually, CCI index is calculated as a normalized difference between the current price and its moving average. PCCI is calculated as a difference between a day closing price and its statistical expectation presented by a Digital Fitler value. Therefore, PCCI is more efficient than CCI.
PCCI index is a high frequency part of the exchange rate fluctuations normalized according to its standard deviation.
What is Jurik Volty used in the Juirk Filter?
One of the lesser known qualities of Juirk smoothing is that the Jurik smoothing process is adaptive. "Jurik Volty" (a sort of market volatility ) is what makes Jurik smoothing adaptive. The Jurik Volty calculation can be used as both a standalone indicator and to smooth other indicators that you wish to make adaptive.
What is the Jurik Moving Average?
Have you noticed how moving averages add some lag (delay) to your signals? ... especially when price gaps up or down in a big move, and you are waiting for your moving average to catch up? Wait no more! JMA eliminates this problem forever and gives you the best of both worlds: low lag and smooth lines.
Ideally, you would like a filtered signal to be both smooth and lag-free. Lag causes delays in your trades, and increasing lag in your indicators typically result in lower profits. In other words, late comers get what's left on the table after the feast has already begun.
Included:
-Bar coloring
Commodity Channel IndexThis is a great indicator to use when following the trend. If the indicator line moves ABOVE +200 then you are in a STRONG trend until it moves back BELOW -200. Watch the indicator bounce of the 50 line and continue in the direction of your trade.
Artharjan Market AnalysisHi,
I have created Artharjan Market Analysis dashboard to help traders to take complete view of the stocks of a particular sector or a benchmark index and track them simultaneously.
With this indicator dashboard, traders will be able to track 13 scripts simultaneously. This dashboard has following features and will help gain loads of valuable information during intraday as well as positional trading.
Information provided:
1] Traders will be able to track 13 scripts of their choice and get real time Buy/Sell Signals
2] Traders will be able to chose the timeframe of their choice by changing the setting called "Timeframe" OR keep the timeframe as that on the chart by keeping the Timeframe = "Chart".
3] Traders will be able to adjust the thickness of the Moving Averages Plotted on the Chart
4] Traders will be able to select the Table position and Table Text Size.
5] For volume analysis select a separate Lookback period for Daily/Weekly/Monthly timeframes and a separate Lookback period for Intraday timeframe. You may keep both same as per your choice.
6] Plot smoothed RSI (WMA of closing price used as an input for RSI) . Default smoothing used is 5. But if you dont want to use smoothing then set it to 1 and RAW RSI will be plotted.
7] For plotting RSI select a separate Lookback period for Daily/Weekly/Monthly timeframes and a separate Lookback period for Intraday timeframe. You may keep both same as per your choice.
8] For RSI set the Overbought and Oversold Levels of your choice.
9] Similarly user will be able to set its own timeframe for calculating Elders Force Index and Commodity Channel Index, and also set the Overbought and Oversold Levels of your choice.
10] Traders will have a choice to monitor Stock Price with reference to 3 Super Trend indicators based on 3 different parameters of their choice.
11] To calculate the Relative Strength and Moving Average High/Low Bands I have used the lookback period of 55 and used RMA instead of SMA or EMAs since I found that RMAs are more reliable than SMA or EMAs.
12] To measure the relative strength of a Stock w.r.t. a Benchmark Index or a Sectoral Index, user will have to select the RS - Comparative Symbol. This Comparative Symbol (Script) will be used to measure the relative strength of all the 13 scripts.
13] Kindly note that since this Dashboard will monitor 13 scripts simultaneously it will occupy huge space on the chart, hence I have made a provision to select the number of scripts to be shown on the dashboard minimum is 1 and max is 13.
14] With this indicator you will be able to monitor the price action and following indicators.
a) Last Traded Price
b) Price Change (Between Current candle and previous candle of the selected timeframe)
c) Price Change Percentage (Between Current candle and previous candle of the selected timeframe)
d) Volume Change (Between Current candle and previous candle of the selected timeframe)
e) Volume vs. SMA(Volume) with different color shaded ranging from -ve values to 100%, 100% to 200%, 200% to 500% and more than 500%
f) If Price is above VWAP then its a Buy else its a Sell signal
g) Signals based on RSI values and its corresponding relation with Overbought and Oversold Levels -such as Bullish, Bearish, Long Unwinding, Short Covering, Long Buildup, Short Buildup, Neutral levels
h) 3 Supertrend Indicators
i) Central Pivot Range (Calculated on a Daily Timeframe) - If LTP > CPR = Bullish, LTV < CPR = Bearish else Neutral
j) Elders Force Index - If EFI > 0 Buy if EFI < 0 Sell
k) Signals based on CCI values and its corresponding relation with Overbought and Oversold Levels -such as Bullish, Bearish, Long Unwinding, Short Covering, Long Buildup, Short Buildup, Neutral levels
l) Moving Average Envelop of 55 RMA calculated on Highs and Lows. If Low > Upperband = Bullish, if High < Lowerband = Bearish else Neutral
m) Relative Strength (RS). If RS of a Script in comparison to the Comparative Symbol is positive then it will shown in Green else it will be shown in Red color.
Kindly note that for Index scripts have got no volume so all indicators (Volume, SMA(Volume), VWAP and EFI) which require Volume as an Input parameter will be shown in Gray color because there is no volume data available to calculate these Indicator values and determine whether the Index is in Bullish Territory or in Bearish territory.
I hope you would enjoy using this indicator and it will act as a light house in your trading journey.
Warm regards
Rahul Desai
@Artharjan
CCI and ADX_by RMCCI and ADX
ENTRY:
Buy: When CCI crosses -100 level from -200 level(1hr/15min Time Frame)
Short: When CCI crosses 100 level from 200 level (1hr/15min Time Frame)
Closing of Position : 1:1 OR 1:2 (Or As per Value Zone)
SCCI KRAKEN [JoseMetal]============
ENGLISH
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- Description:
This indicator is a Smoothed Commodity Channel Index with crosses with a signal SMA.
It combines 4 different and configurable timeframes to find dips and tops.
It has several configurable timeframe combinations, so you don't have to reconfigure the indicator on each timeframe, you can have a preset for your favorite timeframes, anyway, default ones are already coded in.
The SMAs are not visible to avoid too many lines confusion, but there're signals on each cross.
- Visual:
So you have 4 lines, 1 for each timeframe, when the SCCI is increasing it takes a bullish color, bearish color if going down.
You can customize 2 color setups, simple and multicolor, in both cases you can configure every single color, the main difference is that using "simple" just shows the same bullish/bearish color for each line but multicolor allows to setup different colors for EACH line/timeframe.
Crossover/under symbol changes depending on strength zone, a crossover on oversold area (bottom/green) triggers a cross, as well as a cross under in the overbought area (top/red), dots are shown when the zones are inverted.
Background color changes when all the lines/timeframes are in the same area, for example, if all 4 lines are below 0 it starts getting green (oversold), while over 0 it gets red (overbought), extreme levels gets lighter.
- Customization:
As usual in my indicators, everything is customizable, periods for de CCI, smoothness for it, the SMA periods, colors, timeframe setups...
The oversold and overbought areas are also customizable, being able to set zones for each.
The indicator has an option to show a different asset, because some testers asked me to add this in order to COMPARE directly against another asset, for example, you can have the same indicator for your current asset (let's say ETH) and another SCCI Kraken showing BTC, doing this allows to check if the asset is more bullish/bearish compared to another asset.
- Usage and recommendations:
Everything is good by default, of you want more accurate crosses you can increase the SMA periods a little, 6-8 instead of 4.
For scalping maybe a good idea to reduce the strong areas and get more signals, anyway i use it as default.
Finally, if you want to find an excellent dip/top increase the distance between timeframes in your setup, for example, go to 1 min and set the other timeframes to 15M, 1H and 4H, you'll get fewer signals but veeery accurate (fewer trades, more precision).
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ESPAÑOL
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- Descripción:
Este indicador es un índice de canal de materias primas suavizado con cruces con una señal SMA.
Combina 4 marcos temporales diferentes y configurables para encontrar dips y tops.
Tiene varias combinaciones de marcos temporales configurables, por lo que no tiene que reconfigurar el indicador en cada marco temporal, puede tener un preset para sus marcos temporales favoritos, de todos modos, los predeterminados ya están codificados.
Las SMAs no son visibles para evitar la confusión de demasiadas líneas, pero hay señales en cada cruce.
- Visual:
Así que tienes 4 líneas, 1 para cada temporalidad, cuando el SCCI está aumentando toma un color alcista, color bajista si va hacia abajo.
Puedes personalizar 2 configuraciones de color, simple y multicolor, en ambos casos puedes configurar cada color, la principal diferencia es que usando "simple" solo muestra el mismo color alcista/bajista para cada línea pero multicolor permite configurar diferentes colores para CADA línea/marco de tiempo.
El símbolo de cruce/bajo cambia dependiendo de la zona de fuerza, un cruce en la zona de sobreventa (abajo/verde) provoca un cruce, así como un cruce bajo en la zona de sobrecompra (arriba/rojo), los puntos se muestran cuando las zonas están invertidas.
El color del fondo cambia cuando todas las líneas/marcos de tiempo están en la misma zona, por ejemplo, si las 4 líneas están por debajo de 0 empieza a ponerse verde (sobreventa), mientras que por encima de 0 se pone rojo (sobrecompra), los niveles extremos se ponen más claros.
- Personalización:
Como es habitual en mis indicadores, todo es personalizable, los periodos del CCI, la suavidad del mismo, los periodos de las SMA, los colores, las configuraciones de los marcos temporales...
Las zonas de sobreventa y sobrecompra también son personalizables, pudiendo establecer zonas para cada una de ellas.
El indicador tiene una opción para mostrar un activo diferente, ya que algunos testers me pidieron que añadiera esto para poder COMPARAR directamente contra otro activo, por ejemplo, puedes tener el mismo indicador para tu activo actual (digamos ETH) y otro SCCI Kraken mostrando BTC, haciendo esto permite comprobar si el activo es más alcista/bajista comparado con otro activo.
- Uso y recomendaciones:
Todo está bien por defecto, de querer cruces más precisos se pueden aumentar un poco los periodos de la SMA, 6-8 en vez de 4.
Para scalping quizás sea una buena idea reducir las zonas fuertes y obtener más señales, de todas formas yo lo uso por defecto.
Por último, si quieres encontrar un excelente dip/top aumenta la distancia entre los marcos de tiempo en tu configuración, por ejemplo, ve a 1 min y pon los otros marcos de tiempo a 15M, 1H y 4H, obtendrás menos señales pero muy precisas (menos operaciones, más precisión).
Real Woodies CCIAs always, this is not financial advice and use at your own risk. Trading is risky and can cost you significant sums of money if you are not careful. Make sure you always have a proper entry and exit plan that includes defining your risk before you enter a trade.
Ken Wood is a semi-famous trader that grew in popularity in the 1990s and early 2000s due to the establishment of one of the earliest trading forums online. This forum grew into "Woodie's CCI Club" due to Wood's love of his modified Commodity Channel Index (CCI) that he used extensively. From what I can tell, the website is still active and still follows the same core principles it did in the early days, the CCI is used for entries, range bars are used to help trader's cut down on the noise, and the optional addition of Woodie's Pivot Points can be used as further confirmation of support and resistance. This is my take on his famous "Woodie's CCI" that has become standard on many charting packages through the years, including a TradingView sponsored version as one of the many stock indicators provided by TradingView. Woodie has updated his CCI through the years to include several very cool additions outside of the standard CCI. I will have to say, I am a bit biased, but I think this is hands down one of the best indicators I have ever used, and I am far too young to have been part of the original CCI Club. Being a daytrader primarily, this fits right in my timeframe wheel house. Woodie designed this indicator to work on a day-trading time scale and he frequently uses this to trade futures and commodity contracts on the 30 minute, often even down to the one minute timeframe. This makes it unique in that it is probably one of the only daytrading-designed indicators out there that I am aware of that was not a popular indicator, like the MACD or RSI, that was just adopted by daytraders.
The CCI was originally created by Donald Lambert in 1980. Over time, it has become an extremely popular house-hold indicator, like the Stochastics, RSI, or MACD. However, like the RSI and Stochastics, there are extensive debates on how the CCI is actually meant to be used. Some trade it like a reversal indicator, where values greater than 100 or less than -100 are considered overbought or oversold, respectively. Others trade it like a typical zero-line cross indicator, where once the value goes above or below the zero-line, a trade should be considered in that direction. Lastly, some treat it as strictly a momentum indicator, where values greater than 100 or less than -100 are seen as strong momentum moves and when these values are reached, a new strong trend is establishing in the direction of the move. The CCI itself is nothing fancy, it just visualizes the distance of the closing price away from a user-defined SMA value and plots it as a line. However, Woodie's CCI takes this simple concept and adds to it with an indicator with 5 pieces to it designed to help the trader enter into the highest probability setups. Bear with me, it initially looks super complicated, but I promise it is pretty straight-forward and a fun indicator to use.
1) The CCI Histogram. This is your standard CCI value that you would find on the normal CCI. Woodie's CCI uses a value of 14 for most trades and a value of 20 when the timeframe is equal to or greater than 30minutes. I personally use this as a 20-period CCI on all time frames, simply for the fact that the 20 SMA is a very popular moving average and I want to know what the crowd is doing. This is your coloured histogram with 4 colours. A gray colouring is for any bars above or below the zero line for 1-4 bars. A yellow bar is a "trend bar", where the long period CCI has been above/below the zero line for 5 consecutive bars, indicating that a trend in the current direction has been established. Blue bars above and red bars below are simply 6+n number of bars above or below the zero line confirming trend. These are used for the Zero-Line Reject Trade (explained below). The CCI Histogram has a matching long-period CCI line that is painted the same colour as the histogram, it is the same thing but is used just to outline the Histogram a bit better.
2) The CCI Turbo line. This is a sped-up 6 period CCI. This is to be used for the Zero-Line Reject trades, trendline breaks, and to identify shorter term overbought/oversold conditions against the main trend. This is coloured as the white line.
3) The Least Squares Moving Average Baseline (LSMA) Zero Line. You will notice that the Zero Line of the indicator is either green or red. This is based on when price is above or below the 25-period LSMA on the chart. The LSMA is a 25 period linear regression moving average and is one of the best moving averages out there because it is more immune to noise than a typical MA. Statistically, an LSMA is designed to find the line of best fit across the lookback periods and identify whether price is advancing, declining, or flat, without the whipsaw that other MAs can be privy to. The zero line of the indicator will turn green when the close candle is over the LSMA or red when it is below the LSMA. This is meant to be a confirmation tool only and the CCI Histogram and Turbo Histogram can cross this zero line without any corresponding change in the colour of the zero line on that immediate candle.
4) The +100 and -100 lines are used in two ways. First, they can be used by the CCI Histogram and CCI Turbo as a sort of minor price resistance and if the CCI values cannot get through these, it is considered weakness in that trade direction until they do so. You will notice that both of these lines are multi-coloured. They have been plotted with the ChopZone Indicator, another TradingView built-in indicator. The ChopZone is a trend identification tool that uses the slope and the direction of a 34-period EMA to identify when price is trending or range bound. While there are ~10 different colours, the main two a trader needs to pay attention to are the turquoise/cyan blue, which indicates price is in an uptrend, and dark red, which indicates price is in a downtrend based on the slope and direction of the 34 EMA. All other colours indicate "chop". These colours are used solely for the Zero-Line Reject and pattern trades discussed below. They are plotted both above and below so you can easily see the colouring no matter what side of the zero line the CCI is on.
5) The +200 and -200 lines are also used in two ways. First, they are considered overbought/oversold levels where if price exceeds these lines then it has moved an extreme amount away from the average and is likely to experience a pullback shortly. This is more useful for the CCI Histogram than the Turbo CCI, in all honesty. You will also notice that these are coloured either red, green, or yellow. This is the Sidewinder indicator portion. The documentation on this is extremely sparse, only pointing to a "relationship between the LSMA and the 34 EMA" (see here: tlc.thinkorswim.com). Since I am not a member of Woodie's CCI Club and never intend to be I took some liberty here and decided that the most likely relationship here was the slope of both moving averages. Therefore, the Sidewinder will be green when both the LSMA and the 34 EMA are rising, red when both are falling, and yellow when they are not in agreement with one another (i.e. one rising/flat while the other is flat/falling). I am a big fan of Dr. Alexander Elder as those who follow me know, so consider this like Woodie's version of the Elder Impulse System. I will fully admit that this version of the Sidewinder is a guess and may not represent the real Sidewinder indicator, but it is next to impossible to find any information on this, so I apologize, but my version does do something useful anyways. This is also to be used only with the Zero-Line Reject trades. They are plotted both above and below so you can easily see the colouring no matter what side of the zero line the CCI is on.
How to Trade It According to Woodie's CCI Club:
Now that I have all of my components and history out of the way, this is what you all care about. I will only provide a brief overview of the trades in this system, but there are quite a few more detailed descriptions listed in the Woodie's CCI Club pamphlet. I have had little success trading the "patterns" but they do exist and do work on occasion. I just prefer to trade with the flow of the markets rather than getting overly scalpy. If you are interested in these patterns, see the pamphlet here (www.trading-attitude.com), hop into the forums and see for yourself, or check out a couple of the YouTube videos.
1) Zero line cross. As simple as any other momentum oscillator out there. When the long period CCI crosses above or below the zero line open a trade in that direction. Extra confirmation can be had when the CCI Turbo has already broken the +100/-100 line "resistance or support". Trend traders may wish to wait until the yellow "trend confirmation bar" has been printed.
2) Zero Line Reject. This is when the CCI Turbo heads back down to the zero line and then bounces back in the same direction of the prevailing trend. These are fantastic continuation trades if you missed the initial entry either on the zero line cross or on the trend bar establishment. ZLR trades are only viable when you have the ChopZone indicator showing a trend (turquoise/cyan for uptrend, dark red for downtrend), the LSMA line is green for an uptrend or red for a downtrend, and the SideWinder is either green confirming the uptrend or red confirming the downtrend.
3) Hook From Extreme. This is the exact same as the Zero Line Reject trade, however, the CCI Turbo now goes to the +100/-100 line (whichever is opposite the currently established trend) and then hooks back into the established trend direction. Ideally the HFE trade needs to have the Long CCI Histogram above/below the corresponding 100 level and the CCI Turbo both breaks the 100 level on the trend side and when it does break it has increased ~20 points from the previous value (i.e. CCI Histogram = +150 with LSMA, CZ, and SW all matching up and trend bars printed on CCI Histogram, CCI Turbo went to -120 and bounced to +80 on last 2 bars, current bar closes with CCI Turbo closing at +110).
4) Trend Line Break. Either the CCI Turbo or CCI Histogram, whichever you prefer (I find the Turbo a bit more accurate since its a faster value) creates a series of higher highs/lows you can draw a trend line linking them. When the line breaks the trendline that is your signal to take a counter trade position. For example, if the CCI Turbo is making consistently higher lows and then breaks the trendline through the zero line, you can then go short. This is a good continuation trade.
5) The Tony Trade. Consider this like a combination zero line reject, trend line break, and weak zero line cross all in one. The idea is that the SW, CZ, and LSMA values are all established in one direction. The CCI Histogram should be in an established trend and then cross the zero line but never break the 100 level on the new side as long as it has not printed more than 9 bars on the new side. If the CCI Histogram prints 9 or less bars on the new side and then breaks the trendline and crosses back to the original trend side, that is your signal to take a reversal trade. This is best used in the Elder Triple Screen method (discussed in final section) as a failed dip or rip.
6) The GB100 Trade. This is a similar trade as the Tony Trade, however, the CCI Histogram can break the 100 level on the new side but has to have made less than 6 bars on the new side. A trendline break is not necessary here either, it is more of a "pop and drop" or "momentum failure" trade trying in the new direction.
7) The Famir Trade. This is a failed CCI Long Histogram ZLR trade and is quite complicated. I have never traded this but it is in the pamphlet. Essentially you have a typical ZLR reject (i.e. all components saying it is likely a long/short continuation trade), but the ZLR only stays around the 50 level, goes back to the trend side, fails there as well immediately after 1 bar and then rebreaks to the new side. This is important to be considered with the LSMA value matching the side of the trade, so if the Famir says to go long, you need the LSMA indicator to also say to go long.
8) The Vegas Trade. This is essentially a trend-reversal trade that takes into account the LSMA and a cup and handle formation on the CCI Long Histogram after it has reached an extreme value (+200/-200). You will see the CCI Histogram hit the extreme value, head towards the zero line, and then sort of round out back in the direction of the extreme price. The low point where it reversed back in the direction of the extreme can be considered support or resistance on the CCI and once the CCI Long Histogram breaks this level again, with LSMA confirmation, you can take a counter trend trade with a stop under/over the highest/lowest point of the last 2 bars as you want to be out quickly if you are wrong without much damage but can get a huge win if you are right and add later to the position once a new trade has formed.
9) The Ghost Trade. This is nothing more than a(n) (inverse) head and shoulders pattern created on the CCI. Draw a trend line connecting the head and shoulders and trade a reversal trade once the CCI Long Histogram breaks the trend line. Same deal as the Vegas Trade, stop over/under the most recent 2 bar high/low and add later if it is a winner but cut quickly if it is a loser.
Like I said, this is a complicated system and could quite literally take years to master if you wanted to go into the patterns and master them. I prefer to trade it in a much simpler format, using the Elder Triple Screen System. First, since I am a day trader, I look to use the 20 period Woodie's on the hourly and look at the CZ, SW, and LSMA values to make sure they all match the direction of the CCI Long Histogram (a trend establishment is not necessary here). It shows you the hourly trend as your "tide". I then drill down to the 15 minute time frame and use the Turbo CCI break in the opposite direction of the trend as my "wave" and to indicate when there is a dip or rip against the main trend. Lastly, I drill down to a 3 minute time frame and enter when the CCI Long Histogram turns back to match the main trend ("ripple") as long as the CCI Turbo has broken the 100 level in the matched direction.
Enjoy, and please read the pamphlet if you have any questions about the patterns as they are not how I use these and will not be able to answer those questions.
CCI SupertrendCCI Supertrend
+ This simple scripts base on CCI level to plot "Supertrend".
+ When CCI move above level 0, SuperTrend lowerBand is plotted.
+ When CCI move below level 0, SuperTrend upperBand is plotted.
SuperJump Edge CCI RSIThis indicator for detecting inflection points of CCI and RSI.
Low time frames have high variability, which can lead to more unreliable signals.
But you can filter it appropriately by entering the levels of oversold and overbought.
Because CCI is highly volatile, RSI signals are more reliable.
You can also use it for other panes for example RSI or CCI pane.
Repainting is not used because I implemented the filter by myself.
CCI MTF Ob+OsHello Traders,
This is a simple Commodity Channel Index (CCI) indicator with multi-timeframe (MTF) overbought and oversold level.
It can detect overbought and oversold level up to 5 timeframes, which help traders spot potential reversal point more easily.
There are options to select 1-5 timeframes to detect overbought and oversold.
Green Background is "Oversold" , looking for "Long".
Red Background is "Overbought" , looking for "Short".
Have fun :)
CCI Swing and resistance [zavaUnni] The candles you see on this indicator is the value open price, closing price, high, and low is converted to a selected index value.
Select from selectable settings: rsi , cci , mfi , or stochstic
The default indicator is set to cci .
O_ = ta. cci (open,i_length)
H_ = ta. cci (high,i_length)
L_ = ta. cci (low,i_length)
C_ = ta. cci (close,i_length)
Like the close, open, high, low price, the MA value is converted to the selected index and displayed as a yellow line
short_A = ta. sma (close, short_lenA)
short = ta. cci (short_A,i_length2)
The MA length can be converted from the set value and is defaulted to 5 days.
If C_ is above short, it looks like a teal color, and if C_ is below, it looks like a red color.
-High and low -
When the selected index reaches the oversold value, it finds a high value, and when it reaches the oversold value, it finds a low value.
Oversold and overbought values can be changed in the setting, and the default setting is 100 and -100.
The default setting is recommended unless otherwise noted.
The method of finding the low value is to find the lowest value (var) when the index crosses from 100 to reach -100, until it rises to 100.
The same is true of finding high values.
It was marked with a teal color when going from oversold to oversold, and red color when going down from oversold to oversold.
-os, ob and resistances-
The bar at the top and bottom of the index shows resistance, over-buying, and over-selling values
Over-buying and over-selling values are hidden, so you can change them to be seen if necessary.
1. The volume is large, but if the change rate of candlestic(spred_rate) is not large, resistance has occurred.
2. If thespred_rate is excessively large compared to the volume , oversold or oversold occurs.
Based on the above two basic theories, we created the following formula to derive the strength of the resistance.
Resistance Index = spred_rate / volume
We find the average value of the resistance Index,
If the spred_rate is higher than the predicted value, it is oversold or oversold.
If the spred_rate value is lower than the predicted value, the resistance was derived as the issuance signal.
The larger the deviation from the predicted value, the higher the saturation.
The presence of bright red can be seen as a result of greater resistance.
The same goes for over-buying and over-selling prices
The brighter the gray, the more spread without trading volume , and it can be judged that it is not a true bull or a true bear.
resistances and divergence[zavaUnni]
Select from selectable settings: rsi, cci, mfi, or stochstic
The default indicator is set to cci.
When you select an indicator in Settings, you can see the diversity that occurs in that indicator.
Resistance fills the histogram in yellow; the stronger the resistance, the higher the saturation.
If the volume is large but the change rate of candlestic(spred_rate) is not large, it means resistance has occurred.
It is a method of finding anomalies in the spred_rate and volume relationship.
After obtaining the accumulated spred_raterelative to the accumulatedvolume value,
we calculated that the larger the difference is, the larger the resistance value.
The formula with the resistanc
a_sma = ta.cum(spred_rate)/ta.cum(volume)
ifpricebull = open+(open*a_sma * volume)
ifpricebear = open-(open*a_sma * volume)
bullD = close>ifpricebull or closeifpricebull or close<ifpricebear? 0 : math.abs(ifpricebear-close)/close
This calculated resistance index was percentaged based on the highest value over the period and then reflected in the color saturation.
If the short length of ma is above the long length of ma, it is reported as an upward trend and marked in green on the top bar
In the opposite case, the bottom bar is marked in red.
The narrower the separation between short length and long length, the more transparent the color becomes.
e value is as follows
RSI/CCI/MFI/ADX/Stoch MTF DashBoardGauge Sentiment across timeframe for various indicators in single dashboard.
RSI - to get the idea about relative price strength across all TFs.
CCI /ADX- to get idea about power and strength in trend across all TFs.
MFI- gives idea whether trend is supported by volume or not across all TFs.
with this dashboard , you will get complete sentiment of market on your screen whether you use lower to upper TF or upper to lower TF approach. you can see market behavior and sentiment with these all in one dashboard across all TFs.
Better use this with MA or vwap to get trend direction.
Added feature to change location of dashboard on chart, now you can place it on top left, top right, bottom left, bottom right corner of chart as per your comfort.
2. Added ability to hide/show for all TFs.
Now you can on/off , 5min, 15 min, 30 min, 60 min, 4 hour, daily ,weekly and monthly TF column if you do not use it. you can keep and work with TFs as per your comfort and liking.
3. Added feature to hide/show indicators, MFI, CCI, ADX.
Now you can on/off indicator s MFI, CCI and ADX if you don't need them on dashboard as per your need.
Made dashboard cell width and height auto adjusted, so that it values can be visible fully on TV app on mobile too.
Hope it provides a better visual experience to read data on dashboard.
4. Added Stochastic as indicator to dashboard. STOCH is a range bound momentum oscillator. It is designed to display the location of the close compared to the high/low range over a user defined number of periods. You can use STOCH for Identifying overbought and oversold levels and also for identifying bull and bear set ups or signals across all TFs.
Hope IT helps to take better trading decisions.
Volume + VolatilityBefore I begin I want to mention:
1. This is a variation of the 'CCI & BB' made by matsu_bitmex (Link: ) and SigmaDraconis's 'On Balance Volume Oscillator + Bollinger Bands' (Link: )
2. While using this sometimes you may not notice the crossover so I've added the Line 'x' outside 'x' BB to only see if Line 3 and 4 crossed over
The indicator:
1. When the background is green and the 2 lines are going up it means uptrend
2. When the background is red and the 2 lines are going down it means downtrend
3. When there is a crossover and the background outside BB turns yellow, it means there is a lot of volatility or volume
How to use (Or how I use this):
1. All trades based on the yellow color MUST be during a trend
2. When the color changes to yellow for the 1st time in the direction of a trend it is advisable to enter
Eflatun CCI Divergence and Top/BottomThe Commodity Channel Index (CCI) with Divergence and finding Top / Bottom points
Select MA with Sma, Ema, Wma, SWma, VWma, Hma or Rma
Follow bar color on top or bottom
Buy / Sell alert indicator [Crypto_BCT]Hello everyone!
I bring to your attention a indicator to determine the point of buy and sell purchase.
It is based on oscillators and a moving average.
It can be used to work with bots, for example 3COMMAS DCA bot.
Signal Condition Settings:
ATR
The current candle is larger than the ATR for this period
EMA
The signal is necessarily below (for buy) and above (for sell) the EMA of the specified period
(Buy) RSI low
The RSI index is below this value
(Sell) RSI High
The RSI index is higher than this value
(Buy) MFI low
The MFI index is below this value
(Sell) MFI High
The MFI index is higher than this value
(Buy) CCI low
CCI index is below this value
(Sell) CCI High
The CCI index is higher than this value
(Buy) Lowest bar from
The closing of the current bar is lower than the closing of the bars back in this range
(Sell) Highest bar from
The closing of the current bar is higher than the closing of bars in this range
(Buy) Lowest EMA bar ago
During a given distance back, the EMA value only decreased
(Sell) Highest EMA bar ago
At a given distance back, the EMA value only increased
I hope it will be useful!