MTF CCI Bar

6 ביולי 2022

OVERVIEW
This indicator shows whether Commodity Channel Index (CCI) is above or below 0, represented by a bar. This indicator is compatible with MTF.

CONCEPTS
What do you want to know about market analysis?
Do you want a hard analysis? You can look for it.
All I want to know is whether the commonly known technical analysis is 'UP' or 'DOWN'.
All I want to know is whether the current market price is going up or down. Not only for the current, but also for the monthly, weekly, and daily status.
I want to make a decision in a moment. Without even thinking about it.
That is why I created a color-coded bar indicator to show the status.
No need to frown anymore.

DETAILS
CCI is a momentum oscillator used in technical analysis primarily to identify overbought and oversold levels by measuring an instrument's variations away from its statistical mean. For this indicator, I have removed the concept of overbought and oversold.

0 <= CCI green
0 > CCI red

However, with future upgrades, I would like to color-code it for overbought and oversold conditions as well.