CCI indicator swiff knife. A lot of different usages of CCI ae possible with this script : - 2 CCI lines crossovers. - CCI - 0 Line crossovers - CCI + Moving Average crossovers (many types of MA are available)
Filters can be added.
CCI can be used as a confirmation indicator, a continuation indicator, an exit indicator, a chopiness indicator .... It can even make coffee, who knows.
Release Notes
⋅
Continuation Signals = repeated signals in the same direction. Added the option to display them or ignore them. They are now displayed in another way so as to differenciate them from fresh signals. Continuation signals happen a lot in the 0 Line Cross Mode + Filter option on.
CCI seems like a good continuation indicator, in some configurations.
@sickojacko, question - what does the X mean? Ignore the signal?
sickojacko
⋅
@Trader_LRC, not necessarilly, you don't have to ignore them.
But fresh and continuation signals have to be separated and differenciated in certain strategies. That's why I display them differently.
It's up to your strategy to treat continuation entries.