CCI Multi TimeFrame

general information

Indicator Commodity Channel Index (CCI) was developed by Donald Lambert and presented in the magazine "Commodities" in 1980. This is a universal indicator, which is used to identify new trends or warn of extreme market conditions. Lambert originally developed CCI to determine the cyclical reversal in the price of commodities, but the indicator can be successfully applied to indices, ETFs, stocks and other securities. In general, CCI measures the current price level in relation to the average price for a specified period of time. CCI value is relatively high, when the prices are much higher than average. CCI value is relatively low, when the prices are much lower than average. Therefore, CCI may be used to determine levels perekuplennosti and pereprodannosti.

CCI Multi TimeFrame

This indicator shows the CCI line selected timeframe on the chart with a different timeframe. It allows you to monitor the values ​​of several CCI with different timeframes, while remaining in the same timeframe. This allows you to get a better signal on the input and output of transactions.

Note: CCI lines are replaced by a point, if the selected time frame is less timeframe chart.

Options

• Timeframe - the timeframe


• Period - the period


• Applied price - used price

Recommendations for improving quality of signals

Add three CCI line in one display window. It is recommended to use a CCI (D1 / 14), CCI (H1 / 14), CCI (M15 / 14). If the CCI indicator crosses the levels of -100 and +100 in the sequence D1, H1 and M15, that this situation points to a very strong trend. See screenshots.

Note: Remember, the CCI is only an indicator.