Tipu Commodity Channel Index (CCI) is the modified version of the original CCI indicator published by MetaQuotes here.
- Customizable Buy/Sell alerts, push alerts, email alerts, or visual on-screen alerts.
- As easy to trade oscillator indicator that smooths the noise in the price action.
Add Tipu Panel (found here) and unlock the following additional features.
- An easy to use Panel that shows the trend + signal of the selected time frames.
- Customizable Panel. The panel can be moved to any place on the chart or minimized to allow more space.
The commodity channel index (CCI) is an oscillator originally introduced by Donald Lambert in 1980. CCI measures current price level relative to an average price level over a given period of time. CCI is high when prices are above the average price, and low when the prices are below the average price. CCI is a useful tool not only in identifying trend but also the overbought/oversold levels.
CCI = (Typical Price - 20-period SMA of TP) / (.015 x Mean Deviation)
Full description of CCI is available here.
- Show Panel?: visibility settings, select true/false to show panel (need Tipu Panel added to the chart)
- Short Name for the Panel: short name for the panel heading on Tipu Panel
- CCI Period: setting for CCI
- Overbought: overbought settings for CCI
- Oversold: oversold settings for CCI
- Alert Shift: candle delay for the signal, enter 1 if you want the alert sent after one candle to be passed
- Alert Mobile: select true/false to get push notification on your device, make sure the device settings are correct here
- Alert onscreen on change: select true/false to get alert on the terminal, this alert shows in a separate window
- Alert email on change: select true/false to get email alerts, make sure email settings are correct here