OPEN-SOURCE SCRIPT
Clarification on the CCI Signals
This is to give a better view of the indicator. This is a Bar-Coloring indicator (in the screenshot I use the Bar type, not the Hollow Bar) that gives the following information:
1 Early Bullish (Teal): CCI crosses above 10. This suggests momentum is beginning to shift upward.
2 Strong Bullish (Cyan): CCI crosses above 80. This indicates high-velocity trend continuation.
3 Early Bearish (Light Orange): CCI crosses below -10. The first sign of downside pressure.
4 Strong Bearish (Red): CCI crosses below -80. Indicates significant conviction in the downward move.
5 Between 10/-10 (Gray): CCI is consolidating.
Only observing the chart, without looking of CCI Indicator you know at what range the CCI is.
1 Early Bullish (Teal): CCI crosses above 10. This suggests momentum is beginning to shift upward.
2 Strong Bullish (Cyan): CCI crosses above 80. This indicates high-velocity trend continuation.
3 Early Bearish (Light Orange): CCI crosses below -10. The first sign of downside pressure.
4 Strong Bearish (Red): CCI crosses below -80. Indicates significant conviction in the downward move.
5 Between 10/-10 (Gray): CCI is consolidating.
Only observing the chart, without looking of CCI Indicator you know at what range the CCI is.
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.