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Multi-Period CCI Oscillator -> PROFABIGHI_CAPITAL

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๐ŸŒŸ Overview

The Multi-Period CCI Oscillator โ†’ PROFABIGHI_CAPITAL blends multiple timeframes of the Commodity Channel Index into a weighted, smoothed composite for comprehensive momentum analysis. It helps traders detect overbought/oversold extremes, trend shifts, and consensus across fast-to-slow periods, reducing noise while highlighting directional biases.

๐Ÿ“Š CCI Periods

โ€“ Fast CCI Length: Short-term period for capturing quick momentum swings.
โ€“ Medium CCI Length: Intermediate period for balanced trend insights.
โ€“ Slow CCI Length: Longer period for confirming sustained directions.
โ€“ Ultra Slow CCI Length: Extended period for overarching market regimes.

โš–๏ธ Weights

โ€“ Fast/Medium/Slow/Ultra Slow Weights: Adjustable contributions to the composite, emphasizing preferred timeframes for customized sensitivity.

๐Ÿ›ค๏ธ Smoothing & Display

โ€“ Smoothing Length: EMA period to refine the overall composite line.
โ€“ Show Individual CCIs: Toggle to overlay separate CCI lines for component scrutiny.

๐Ÿ“ Levels

โ€“ Overbought/Oversold Levels: Thresholds signaling extreme momentum exhaustion.
โ€“ Neutral Upper/Lower: Boundaries defining transition zones between bull/bear biases.

๐ŸŽจ Colors

โ€“ Bullish/Bearish/Neutral/Overbought/Oversold Colors: Custom tints for lines, zones, and signals to match trading themes.

๐Ÿ“ˆ Signal Generation

โ€“ Composite Momentum: Weighted average of all CCIs, smoothed for clear trend velocity.
โ€“ Crossover Triggers: Bullish on breaks above oversold; bearish below overbought for reversal entries.
โ€“ Momentum Shifts: Positive crosses of zero or neutral upper for upside acceleration; negative for downside.
โ€“ Consensus Alignment: All CCIs positive for strong bullish; all negative for bearish conviction.
โ€“ Dominant Period: Identifies the strongest timeframe driving the signal for timeframe-specific focus.
โ€“ Strength Measure: Absolute composite value gauges overall momentum intensity.

๐Ÿ“‰ Visualization

โ€“ Composite Line: Thick, zone-tinted plot shifting colors by level for instant bias reads.
โ€“ Individual Overlays: Faint lines for enabled CCIs when toggled, revealing timeframe divergences.
โ€“ Reference Lines: Dashed extremes, dotted neutrals, solid zero for quick threshold checks.
โ€“ Extreme Zones: Subtle fills beyond overbought/oversold for visual warning.
โ€“ Signal Markers: Tiny triangles at crossovers for buy/sell highlights.
โ€“ Consensus Background: Faint bullish/bearish shades when periods align.
โ€“ Info Table: Top-right panel with composite value/signal, individual readings, trend, status, consensus, and dominant period.

๐Ÿ”” Alerts

โ€“ Crossover Notifications: For oversold buys or overbought sells.
โ€“ Momentum Warnings: On zero or neutral shifts.
โ€“ Consensus Flags: When all periods agree on direction.

โœ… Key Takeaways

โ€“ Multi-timeframe weighting creates a holistic momentum view beyond single-period noise.
โ€“ Consensus and dominance add layers for high-conviction setups.
โ€“ Custom levels and visuals adapt to any style or timeframe.
โ€“ Smoothed composite sharpens reversals while table tracks component harmony.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.