Get started
asvm75034

TMS CCI is based on Commodity Channel Index

asvm75034  
Commodity Channel Index (CCI)
20
0
commoditychannelindex
This indicator is based on CCI, but draws the CCI link green/red. If CCI line is above zero, then it is painted green. If CCI is lower than zero, then it is painted red.

How to trade:

Buy Side
1. When CCI crosses above zeroline from under, it is a bullish signal, Wait for the candle to close and place an order at the closing price. Exit when CCI crosses below zeroline.

Sell Side
2. When CCI crosses below zeroline from above, it is a bearish signal, Wait for the candle to close and place an order at the closing price. Exit when CCI crosses above zeroline.
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

Want to use this script on a chart?