OPEN-SOURCE SCRIPT
CCI+ by quantsnaz
the CCI+ indicator is a modified version of the commodity channel index (CCI) that utilizes a moving average to enhance its performance. this hybrid approach provides a powerful tool for both trend-following and mean-reversion usage.
buy signal: when the CCI+ crosses above the mid-line(0), it suggests an uptrend is underway.
sell signal: when the CCI+ crosses below the mid-line, it signals a potential downtrend.
a potential price reversal may be signaled when the CCI+ reaches extreme levels, marked by a pronounced intensification of the lime colour gradient, suggesting an overbought or oversold condition.
i hope the CCI+ proves to be a valuable tool in your trading arsenal, enjoy!
buy signal: when the CCI+ crosses above the mid-line(0), it suggests an uptrend is underway.
sell signal: when the CCI+ crosses below the mid-line, it signals a potential downtrend.
a potential price reversal may be signaled when the CCI+ reaches extreme levels, marked by a pronounced intensification of the lime colour gradient, suggesting an overbought or oversold condition.
i hope the CCI+ proves to be a valuable tool in your trading arsenal, enjoy!
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.