isslerman

BossHouse - CCI Extended

isslerman Mis à jour   
BossHouse - CCI Extended ( An Extended version of the Original CCI ).
The commodity channel index ( CCI ) is an oscillator originally introduced by Donald Lambert in 1980.

Guideline
________

Lambert's trading guidelines for the CCI focused on movements above +100 and below −100 to generate buy and sell signals. Because about 70 to 80 percent of the CCI values are between +100 and −100, a buy or sell signal will be in force only 20 to 30 percent of the time. When the CCI moves above +100, a security is considered to be entering into a strong uptrend and a buy signal is given. The position should be closed when the CCI moves back below +100. When the CCI moves below −100, the security is considered to be in a strong downtrend and a sell signal is given. The position should be closed when the CCI moves back above −100.

Since Lambert's original guidelines, traders have also found the CCI valuable for identifying reversals. The CCI is a versatile indicator capable of producing a wide array of buy and sell signals.

  • CCI can be used to identify overbought and oversold levels. A security would be deemed oversold when the CCI dips below −100 and overbought when it exceeds +100. From oversold levels, a buy signal might be given when the CCI moves back above −100. From overbought levels, a sell signal might be given when the CCI moved back below +100.
  • As with most oscillators, divergences can also be applied to increase the robustness of signals. A positive divergence below −100 would increase the robustness of a signal based on a move back above −100. A negative divergence above +100 would increase the robustness of a signal based on a move back below +100.
  • Trend line breaks can be used to generate signals. Trend lines can be drawn connecting the peaks and troughs. From oversold levels, an advance above −100 and trend line breakout could be considered bullish . From overbought levels, a decline below +100 and a trend line break could be considered bearish .

Settings
_______
  • Show 0 line
  • Lenght
  • Source

Any help and suggestions will be appreciated.
Marcos Issler @ Isslerman
marcos@bosshouse.com. br
Notes de version: Cleaning the code
Script open-source

Dans le véritable esprit de TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par le règlement. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.

Vous voulez utiliser ce script sur un graphique ?