Same indicator as CCI except calculated in log-space. Expected to do better on high-volatility charts, and in some cases (illustrated with ETC-BTC) may provide earlier sell signal.
Basic CCI script that takes the average close price data across popular crypto exchanges.
This is a simple experimental study utilizing multiple CCIs and their divergences to visualize price activity.
Script draws CCI34 30 min on 5 min chart.30 min kine changes color based on CCI 34 30 min +100/-100.
Buy: CCI changes directoion from pointing bottom to top CCI is below 20 line fast EMA is above slow EMA Sell: CCI changes to bottom CCI above 80 fast EMA is below slow EMA
Buy When CCI Cross -150 UP EMA Points UP Sell When CCI Cross 150 Down EMA Points Down
Buy when: CCI cross 20 UP RSI points Up Sell When: CCI cross 80 Down RSI Points Down
This is a requested update of this script. This is a standard CCI indicator that shows a coloured histogram of important CCI levels, giving a good visual of the CCI levels. Added to this version is an extra coloured level +/-200 and an option to calculate CCI with EMA instead of the standard SMA. CCI LEVELS: Light Green - Greater than 0 and less than 100. ...
It works with rebound from lowest and the bottom level (-100) CCI.
The Commodity Channel Index (CCI) is best used with markets that display cyclical or seasonal characteristics, and is formulated to detect the beginning and ending of these cycles by incorporating a moving average together with a divisor that reflects both possible and actual trading ranges. The final index measures the deviation from normal, which...
Works good on 5 or 15min set to the 2hr or 4hr time frame. Set an alarm (Set an alert on each Long/Short "crossing down", 0.8 (or anything below 0.99), "on condition" ) Or just as a visual. Best to use other factors to confirm but most of the time it does a pretty decent job.
This is an updated and improved version of my "Price Action Trading strategy". I have added two extra optional filters, one is a trend direction filter based on the MACD slow EMA(17), blue line, and the other is a RSI(7) filter which works similarly to CCI(14) but slightly different dynamics (thank you to gianfranco60 for the suggestion). Also made a couple of...
Stoch CCI has a nicer divergence than Stoch RSI. Enjoy!
Stoch CCI has nicer divergences than Stoch RSI. Enjoy.
Here is an attempt to improve on the CCI using a volume weighted ema which is then plugged into the CCI formula. Use: The CCI with VW EMA is an oscillator that gives readings between -100 and +100. The usual use is to 'go long' with values over +100 and short on values less than -100. Another use of this oscillator is a countertrend indicator where one sells at...
UPDATE: added CCI to the list of oscilators.