puzzledHare79535

DB CCI Breakout MTF

DB CCI Breakout MTF

What does the indicator do?

The indicator will display crypto breakout and fallouts based on 4 timeframe CCI values. By default the current chart timeframe is used and the user may chose 3 other timeframes in the settings. Additionally, the symbol may be configured in the indicator settings. Default is Coinbase:ETHUSD.

The indicator will monitor the CCI levels on 4 timeframes and will alert to any CCI activity over 100 or under -100 which would indicate a breakout or fallout is present.

A green diamond is displayed when a breakout is detected on one or more of the timeframes for the selected symbol.

How should this indicator be used?

The indicator is a secondary alert system for the presence of breakouts or fallout conditions as under those scenarios position exit or entry strategies may be different.

Does the indicator include any alerts?

Not in this version. But I could add some if desired.

Use at your own risk and do your own diligence.

Enjoy!
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.

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