AITRADERS_TV

DOUBLE EMA CCI


This script is based on Commodity Channel Index and double EMA - one based on price, the second one based on CCI with some modifications and calculation method to reduce and filter wrong signals.
The script was made based my own researches and trade experience on cryptocurrency market.
Recommended timeframe is 15 minutes. But you can use it on bigger timeframes as well.
For 15 minute tf recommended configuration is 9-14-9.

How to use:

There are +-100 and +-200 levels, blue line - CCI , red line - EMA on CCI indicator.

1. Long/short signals are generated when CCI and EMA lines go down/up +-100 level, reverse and cross up/down +-100 level.
2. You may see on the chart that before crossing +-100 level, the indicator makes specific double tops/bottoms and small divergences.

Use it in combination with other indicators to make your entry more accurate.
Also you can use it with my other script - TRSI .

Use it carefully.

Will be glad to see your feedback.
Protected script
This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?