Morogan

Dual Commodity Channel Index

Morogan Updated   
This simple script is a modification of the built-in CCI that adds a second CCI indicator of independent length. It also provides a Zero line for reference in addition to the built-in Upper/Lower Band.
Release Notes:
//Using two CCI indicators with independent lengths instead of just one provides de-noising functionality similarly to MACD.
//When both CCIs cross the Zero line, it can serve as confirmation of position entry/exit.
Release Notes:
Added MACD-like histogram for the delta between the two CCIs.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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