OPEN-SOURCE SCRIPT

Dual Commodity Channel Index

Updated

This simple script is a modification of the built-in CCI that adds a second CCI indicator of independent length. It also provides a Zero line for reference in addition to the built-in Upper/Lower Band.

Release Notes

//Using two CCI indicators with independent lengths instead of just one provides de-noising functionality similarly to MACD.
//When both CCIs cross the Zero line, it can serve as confirmation of position entry/exit.

Release Notes

Added MACD-like histogram for the delta between the two CCIs.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Morogan

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