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CCI LB bar AM

The indicator identifies the strength of the trend based on the points where the CCI indicator exceeds the overbought and oversold levels.

This indicator:

  • Suitable for all markets; 
  • Not redrawn;
  • Intuitive and simple;
  • It can be useful for both beginners and experienced traders;
  • Allows you to identify market entry points where there is a high probability of a significant price movement sufficient for a successful transaction;
Settings:
  • Ind_Period (>1) - period of the indicator;
  • Price - price for the indicator calculation;
  • OB - Overbought level value;
  • OS - Oversold level value.

The other indicators of the Level Break (LB) series can be found among my works.

Feedback and suggestions are welcome.


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Version 26.0 2023.09.11
Updated to version 26+.
Version 25.1 2023.08.27
Updated.
Version 25.0 2023.08.13
Updated to version 25+.
Version 1.10 2023.05.28
Fixed bug.