Commodity Channel Index - CCI

Overview
This enhanced Commodity Channel Index (CCI) indicator provides traders with a sophisticated visualization of market momentum and trend direction. By combining the classic CCI oscillator with customizable moving averages and advanced visual features, it offers clear signals for identifying bullish and bearish market conditions.

Core Functionality
Indicator Components
CCI Oscillator - Measures how far current price deviates from its statistical average

Moving Average Filter - Smooths CCI values using your choice of 7 MA types

Visual Zones - Color-coded overbought/oversold areas with gradient fills

Market Bias Display - Prominent bullish/bearish label for quick interpretation

Key Features
📊 Customizable Calculations

Adjust CCI period (default: 55) for sensitivity tuning

Select MA type (EMA, SMA, WMA, HMA, etc.) and period (default: 30) for smoothing

Flexible moving average system supporting multiple calculation methods

🎨 Advanced Visualization

Dynamic Color Coding: CCI line turns green when bullish (>50), red when bearish (≤50)

Gradient Fill Zones:

Green gradient between CCI and midline for overbought region (200 to 0)

Red gradient between CCI and midline for oversold region (0 to -100)

Multiple Plot Layers: CCI line, MA line, midline, and fill areas for comprehensive view

🔍 Clear Signal Interpretation

Bullish Condition: CCI > 50 (green zone)

Bearish Condition: CCI ≤ 50 (red zone)

Overbought Warning: CCI in upper gradient zone

Oversold Opportunity: CCI in lower gradient zone

📱 User-Friendly Display

Large "⬆️ Bullish" or "⬇️ Bearish" label in corner for immediate bias assessment

Thick CCI line (width 3) for easy visibility

Yellow MA line for trend direction confirmation

Trading Applications
Trend Identification
Use CCI position relative to 50 midline for trend bias

MA line confirms trend strength and direction

Long periods (110/30) optimized for capturing sustained trends

Potential Reversal Zones
Gradient fills highlight overbought/oversold extremes

Watch for CCI crossing the 50 level for trend change signals

Combine with MA line crosses for confirmation

Market Sentiment Assessment
Quick visual scan of color reveals current market bias

Label provides unambiguous bullish/bearish classification

Multiple timeframes supported through adjustable periods

Usage Recommendations
📈 For Trend Following:

Trade in direction indicated by CCI > 50 (bullish) or ≤ 50 (bearish)

Use MA line as dynamic support/resistance for CCI

Consider entries when CCI pulls back toward 50 in trend direction

🔄 For Mean Reversion:

Watch for extremes in gradient zones for potential reversals

Monitor for CCI crossing back through 50 after reaching extremes

Use MA line as confirmation for reversal validity

⚖️ For Confirmation:

Pair with other indicators for signal confirmation

Use as secondary tool to validate primary trading system signals

Adjust periods to match your trading timeframe

Customization Options
CCI Length: Adjust sensitivity (higher = smoother, lower = more responsive)

MA Type & Length: Choose smoothing method and period

Visual Elements: All colors and fills are built-in but based on logic conditions

Unique Advantages
Immediate Clarity: Color-coding and label remove interpretation ambiguity

Enhanced Visualization: Gradient fills provide intuitive overbought/oversold zones

Dual Analysis: Combines oscillator (CCI) with trend tool (MA) in one view

Flexible Configuration: Multiple MA types accommodate different trading styles

This indicator transforms the traditional CCI into a comprehensive trading tool that provides clear visual cues for market direction, momentum extremes, and trend confirmation—all in a single, customizable package.