OPEN-SOURCE SCRIPT
CCI Stoic Continuation - Crossing Signals
Description
The CCI Stoic Continuation is a refined take on the classic Commodity Channel Index, designed specifically for traders who prioritize clarity and trend persistence over chasing volatile swings. Instead of viewing the CCI as a simple overbought/oversold oscillator, this indicator treats it as a momentum thermometer.
By utilizing a multi-layered threshold system, the indicator helps traders distinguish between a nascent trend (Early Momentum) and a confirmed, high-velocity move (Strong Momentum).
How It Works
The script visualizes four distinct phases of price action based on the relationship between the CCI and key threshold levels ($10$ and $80$):
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.
Key Features
• Heat Fills: The background of the indicator pane is shaded to provide an immediate psychological "feel" for the current market environment.
• Bar Coloring: Trend colors are applied directly to your price bars, allowing you to stay focused on the price action while monitoring momentum shifts.
• Transition Markers: Vertical dashed lines appear in the indicator pane whenever a momentum state changes, highlighting the exact moment a "Stoic" entry or exit might be considered.
• Precision Alerts: Built-in alert logic for both "Early" and "Strong" signals in both directions.
Usage Tips
• Trend Alignment (CRITICAL): Do not take every signal. Only execute entries aligned with the higher-timeframe trend or overall market bias. This indicator is designed for continuation, not reversals.
• The Stoic Entry: Use the "Early" signal to prepare, and look for "Strong" confirmation to enter once the trend is clearly established.
• The Zero Line: The yellow zero line acts as the "Neutral Zone." Price action staying consistently above or below this line validates the broader trend bias.
• Timeframes: While optimized for standard settings, it performs exceptionally well on the 15m, 1h, and 4h timeframes.
Technical Settings
• CCI Length: Default 20 (Adjustable for sensitivity).
• Early Level: 10 (Customizable for tighter or looser entries).
• Strong Level: 80 (The threshold for confirmed momentum).
Author: Konstantinos Trovas
Version: 6.0 (Pine Script)
The CCI Stoic Continuation is a refined take on the classic Commodity Channel Index, designed specifically for traders who prioritize clarity and trend persistence over chasing volatile swings. Instead of viewing the CCI as a simple overbought/oversold oscillator, this indicator treats it as a momentum thermometer.
By utilizing a multi-layered threshold system, the indicator helps traders distinguish between a nascent trend (Early Momentum) and a confirmed, high-velocity move (Strong Momentum).
How It Works
The script visualizes four distinct phases of price action based on the relationship between the CCI and key threshold levels ($10$ and $80$):
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.
Key Features
• Heat Fills: The background of the indicator pane is shaded to provide an immediate psychological "feel" for the current market environment.
• Bar Coloring: Trend colors are applied directly to your price bars, allowing you to stay focused on the price action while monitoring momentum shifts.
• Transition Markers: Vertical dashed lines appear in the indicator pane whenever a momentum state changes, highlighting the exact moment a "Stoic" entry or exit might be considered.
• Precision Alerts: Built-in alert logic for both "Early" and "Strong" signals in both directions.
Usage Tips
• Trend Alignment (CRITICAL): Do not take every signal. Only execute entries aligned with the higher-timeframe trend or overall market bias. This indicator is designed for continuation, not reversals.
• The Stoic Entry: Use the "Early" signal to prepare, and look for "Strong" confirmation to enter once the trend is clearly established.
• The Zero Line: The yellow zero line acts as the "Neutral Zone." Price action staying consistently above or below this line validates the broader trend bias.
• Timeframes: While optimized for standard settings, it performs exceptionally well on the 15m, 1h, and 4h timeframes.
Technical Settings
• CCI Length: Default 20 (Adjustable for sensitivity).
• Early Level: 10 (Customizable for tighter or looser entries).
• Strong Level: 80 (The threshold for confirmed momentum).
Author: Konstantinos Trovas
Version: 6.0 (Pine Script)
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.