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CCI Multi TimeFrame

Introduction

Developed by Donald Lambert and featured in „Commodities“ magazine in 1980, the Commodity Channel Index (CCI) is a versatile indicator that can be used to identify a new trend or warn of extreme conditions. Lambert originally developed CCI to identify cyclical turns in commodities, but the indicator can be successfully applied to indices, ETFs, stocks, and other securities. In general, CCI measures the current price level relative to an average price level over a given period of time. CCI is relatively high when prices are far above their average. CCI is relatively low when prices are far below their average. In this manner, CCI can be used to identify overbought and oversold levels.

CCI Multi TimeFrame

This indicator shows the CCI series of selected timeframe in chart with another timeframe. So we can follow more CCIs in different timeframes in one chart during different timeframe. Thus we gain a better signal for entry and exit from the trades.

Note: The CCI series is replaced by a point if the selected timeframe is less than the timeframe of the chart.

Parameters

  • Timeframe
  • Period
  • Applied price

My recommendation for better signal

You must add three CCI series to one indicator window. I recommend CCI(D1/14), CCI(H1/14), CCI(M15/14). If the CCI indicators cross the levels of -100 or +100 in the sequence of D1, H1 and M15, then this situation indicates very strong trend. See the screenshots.

Note: remember, CCI is only an auxiliary indicator.

Introduction

Developed by Donald Lambert and featured in „Commodities“ magazine in 1980, the Commodity Channel Index (CCI) is a versatile indicator that can be used to identify a new trend or warn of extreme conditions. Lambert originally developed CCI to identify cyclical turns in commodities, but the indicator can be successfully applied to indices, ETFs, stocks, and other securities. In general, CCI measures the current price level relative to an average price level over a given period of time. CCI is relatively high when prices are far above their average. CCI is relatively low when prices are far below their average. In this manner, CCI can be used to identify overbought and oversold levels.

CCI Multi TimeFrame

This indicator shows the CCI series of selected timeframe in chart with another timeframe. So we can follow more CCIs in different timeframes in one chart during different timeframe. Thus we gain a better signal for entry and exit from the trades.

Note: The CCI series is replaced by a point if the selected timeframe is less than the timeframe of the chart.

Parameters

  • Timeframe
  • Period
  • Applied price

My recommendation for better signal

You must add three CCI series to one indicator window. I recommend CCI(D1/14), CCI(H1/14), CCI(M15/14). If CCIindicators cross the levels -100 or +100 in the sequence D1, H1 and M15, then this situation indicates very strong trend. See screens.

Note: remember, CCI is only an auxiliary indicator.

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