A CCI indicator
CCI means commodity channel index ,it falls into the family of oscillators . This indicator can be used as decision support tool it is used in currency trading. It help traders evaluate overbought and oversold level. Entries with CCI normally occurs when the momentum return with a trend . In using CCI traders need to wait for the indicator to move outside one of the pivot point before reverting back in the direction of primary trend.
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Hi!
I am looking for a way to program an Indicator, not an expert.
I am interested in the CCI.
It should draw 10 little squares or diamonds of the current period and two periods around it. The CCI I am interested is in Period 14.
It should appear in the lower left of the screen preferably and not in a separate window as stochastic or CCI is.
If 0 is CCI (14) less than 100 or more than -100 and 1 is CCI(14) equal to or more than100 or equal to or less -100
In the hourly chart it should show as:
1 1 1 1 1 1 0 0 0 0 M30
1 1 1 1 1 1 1 1 1 0 H1
1 1 1 1 1 1 1 1 1 1 H4
Whenever there is a change in CCI there should be a sound alert.
I personally lay a lot of emphasis on the CCI 14, but cannot monitor it on all the pairs. The transition of CCI will help me put my attention on these pairs.
Best regards,
Randy