CCI Highlighted [ankit4349]

21 thg 10, 2018

>> This script is purely based on Commodity Channel Index (CCI) with multiple CCI instances being used within one oscillator.

>> User can use as much as 5 CCI instances/plot within one oscillator.

> How to use :

1. When Bullish :
Whenever CCI length 14 crosses above -100(negative 100) that means bullish momentum is supported.
Best bullish/long entry would be when CCI length 14 crosses above -100(negative 100) as mentioned above and at the same time CCI length
200 is bouncing on top of +100(positive 100).

2. When Bearish :
Whenever CCI length 14 crosses below +100(positive 100) that means bearish momentum is supported .
Best bearish/short entry would be when CCI length 14 crosses below +100(positive 100) as mentioned above and at the same time CCI length
200 is bouncing at bottom of -100(negative 100) .

> Color Clarity :

a. Bullish support is highlighted GREEN and bearish support is highlighted RED within the oscillator background with respect to
Length 1 (i.e 14 by default) .

b. PURPLE is highhighted when Length 5(i.e 200 by default) is bouncing either on top of +100(for bullish) or at bottom of -100(for bearish).

c. AQUA is highlighted when Length 3(i.e 50 by default) is bouncing on top or at bottom of 0 from either side respectively.

d. Best entry in both cases i.e bullish or bearish as mentioned above('How to use') is highlighted WHITE by default.

> Tip:
Just observe the color outputs on any timeframe in a chart as it works fractally on every timeframe , it will help you understand better with
clarity.

> You are always free to experiment with the CCI lengths, change highlighted color and hide/unhide the Lengths as per your requirements in
setting/format .

14 thg 2, 2019

Phát hành các Ghi chú

No major change, just length1 plot style is changed to area (previously it was simple line) for visual clarity.