So this indicator has the following : CCI where the buy and sell signal can be either cross of the fast the slow and vice versa or cross of CCI bellow -50 and cross down CCI +50
the histogram (blue and red) is made by high low like histogram the buy and sell is based on crossing of the 0 . since its MTF type . you can toon the TF either to the time frame or use...
This is an updated version of the previous CCI+ indicator I published. This one is open source, so please use / improve it as you see fit.
As before, have added a zero line and 250 / -250 lines which are all adjustable for your trade system.
So using the script of
and adding non repainting MTF function to it we create this momentum model
You can enter either at cross of blue line or at cross of 0 and vice versa at red line.
since it has MTF function you can look it on different time frames just set int 2 to the TF of your desire
Exponential moving averages in red of 4 and 16, exponential moving average of 40 in orange and simple moving average of 200 in yellow to confirm the triple crossing of 4, 16 and 40.
Taken from Lions against gazelles by Jose Luis Carpatos.