It is an indicator that aims to provide information about the direction of the trend, the basis of which is the CCI, CMO and MFI indices. Symbols on the indicator are for informational purposes. Information about colors and symbols is given below.
Blue Wave: Graphical representation of the Commodity Channel Index (CCI) curve.
Green/Red Wave: Graphical representation of the Chande Momentum Oscillator (CMO) curve. This curve turns green when it rises above zero, and turns red when it falls below zero.
Yellow Wave: Graphical representation of the Money Flow Index (MFI) curve.
Blue Line: CCI line.
Green/Red Cross: CCI line shows green cross on red cross below 0 value.
Warning
As a result, this indicator should be expected to give an idea of the trend direction, not a trading signal.
Version
v1.0
Release Notes
[ADDED] Added horizontal lines above 200 and -200 values.
Release Notes
Values showing the amount of change according to the previous position of the line on the Commodity Channel Index (CCI) line have been added.
30 < Blue
30 - 50 Yellow
50 - 70 Orange
70 > Red
Release Notes
Objects on the display can be turned on or off from the settings menu and their colors can be changed.
Release Notes
CCI length has been increased from 13 to 14 as it gives more accurate results.
Release Notes
Title edited.
Release Notes
Added numbers indicating possible strength of direction.
Release Notes
The numbers showing the possible strength of the direction have been recalculated.
Release Notes
Improved the intersection of CCI waves.
Changes were made to the line color as CCI cut the overbought and oversold lines.
Release Notes
Wave return levels have been improved.
Release Notes
Multiplier values have been removed.
Release Notes
ohlc4 and hlc3 values have been updated to produce values according to standard candlestick charts, independent of candlestick charts.
Release Notes
Removed invalid variables
Release Notes
Changed Indicator Title
Release Notes
The bug that caused incorrect counting backwards of numbers has been fixed.
Release Notes
Fixed rutime error.
Release Notes
Added Turn Signal Type options.
Release Notes
The isCCILine option now also affects the visibility of symbols belonging to the CCI line.
Release Notes
A line called the Trend Index has been added, which moves between -200 and 200 and gives information about the depth of the trend, indicating overbought when it approaches 200, and oversold when it approaches -200.
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