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BacktestTerminal

CCI MTF Ob+Os

BacktestTerminal  
Commodity Channel Index (CCI) multitimeframe Oscillators ccimtf mtfcci mtfanalysis overbought oversold overbought-oversold reversal reversalpoint reversaltrading
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commoditychannelindex multitimeframe oscillator ccimtf mtfcci mtfanalysis overbought oversold overbought-oversold reversal reversalpoint reversaltrading
Hello Traders,

This is a simple Commodity Channel Index (CCI) indicator with multi-timeframe (MTF) overbought and oversold level.

It can detect overbought and oversold level up to 5 timeframes, which help traders spot potential reversal point more easily.

There are options to select 1-5 timeframes to detect overbought and oversold.

Green Background is "Oversold" , looking for "Long".
Red Background is "Overbought" , looking for "Short".

Have fun :)
Contact me via Telegram: t.me/backtestterminal
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.

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.

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