Mo3ty CCI Signals
## Mo3ty CCI Signals
Mo3ty CCI Signals is a CCI-based indicator that identifies potential reversal signals when the Commodity Channel Index returns from user-defined extreme levels.
### How It Works
**Buy Signal:** A BUY signal is generated when CCI crosses back above the oversold level. The previous bar's CCI must be at or below that level, and the current bar must close with CCI above it.
**Sell Signal:** A SELL signal is generated when CCI crosses back below the overbought level. The previous bar's CCI must be at or above that level, and the current bar must close with CCI below it.
Signals are confirmed at bar close.
### Default Settings
- CCI Period: 25
- Overbought Level: +200
- Oversold Level: -200
- Pivot Left Bars: 5
- Pivot Confirmation Bars: 5
The CCI period, source, threshold levels, and pivot settings can be adjusted by the user.
### Divergence Detection
The indicator can display bullish and bearish divergences between price pivots and CCI values. A divergence is displayed only when at least one of the two compared CCI pivot values reaches the corresponding oversold or overbought level. Pivot confirmation introduces a delay before a divergence becomes visible.
### Volatility Pulse Filter
An optional ATR-based filter evaluates candle body size relative to ATR and can require ATR to exceed its moving average. This filter can be enabled or disabled and is disabled by default.
When enabled, the filter may prevent otherwise valid CCI signals from appearing if its conditions are not met.
### Limitations
CCI signals identify potential trading opportunities and do not predict future price movements. Divergence signals appear only after pivot confirmation. The optional volatility filter may reduce the number of signals.
This indicator is intended for technical analysis and educational purposes only. It does not constitute financial advice. Trading involves risk.
Mo3ty CCI Signals is a CCI-based indicator that identifies potential reversal signals when the Commodity Channel Index returns from user-defined extreme levels.
### How It Works
**Buy Signal:** A BUY signal is generated when CCI crosses back above the oversold level. The previous bar's CCI must be at or below that level, and the current bar must close with CCI above it.
**Sell Signal:** A SELL signal is generated when CCI crosses back below the overbought level. The previous bar's CCI must be at or above that level, and the current bar must close with CCI below it.
Signals are confirmed at bar close.
### Default Settings
- CCI Period: 25
- Overbought Level: +200
- Oversold Level: -200
- Pivot Left Bars: 5
- Pivot Confirmation Bars: 5
The CCI period, source, threshold levels, and pivot settings can be adjusted by the user.
### Divergence Detection
The indicator can display bullish and bearish divergences between price pivots and CCI values. A divergence is displayed only when at least one of the two compared CCI pivot values reaches the corresponding oversold or overbought level. Pivot confirmation introduces a delay before a divergence becomes visible.
### Volatility Pulse Filter
An optional ATR-based filter evaluates candle body size relative to ATR and can require ATR to exceed its moving average. This filter can be enabled or disabled and is disabled by default.
When enabled, the filter may prevent otherwise valid CCI signals from appearing if its conditions are not met.
### Limitations
CCI signals identify potential trading opportunities and do not predict future price movements. Divergence signals appear only after pivot confirmation. The optional volatility filter may reduce the number of signals.
This indicator is intended for technical analysis and educational purposes only. It does not constitute financial advice. Trading involves risk.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.