FX:EURUSD   Euro / U.S. Dollar
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This indicator plots from the daily chart the CCI with a period of 3, i use it that way to see if a daily candle is bullish or bearish and possible direction of the market while looking on lower timeframes.

Its the standard Donchian Channels but with the daily CCI3 coloring, but i prefer more the CCI3
the logic is cci above 0 line then green and cci below 0 line then red

Does those indicators recolor ?
Yes, and they should recolor so i can know when CCI3 crosses the zero line.
Just plot the normal CCI (with period 3) on a daily chart and see how it realy works and what kind of signals it gives
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