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CCI is a famous classic indicator that offers many valuable uses. This indicator, CCI Reversal Pro, focuses on exploiting CCI's power in predicting trend reversals to high accuracy. The indicator lets you define a high region & a low region (e.g. above +150 and below -150). If CCI stays in the high or low region for minimally a user-defined number of bars, a reversal signal will print when CCI travels out of the high or low region. For example, if CCI stays above +150 for at least 10 bars (you define this number), then when CCI falls below +150 the indicator will signal a bearish reversal.
The "Late Mode" can be enabled so that CCI is required to exceed zero for a reversal signal to trigger. Besides its reversal functionality, this indicator also allows you to calculate CCI like never before. It gives you options to select MA type, configure multiplier, and smooth CCI (all of these are hard-coded or lacked in the traditional CCI version).
Order flow, volume profile, market structure, session tools, trade management â our library of indicators for NinjaTrader 8 is split into those five areas. Start with whichever gap you feel most.
Dedicated NinjaScript Signals
- Signal_State: 1 = high, -1 = low, 0 = middle
- Signal_Reversal: 1 = bullish, -1 = bearish, 0 = no signal
Key Features
- Plot CCI
- Allow configuring "Late Mode"
- Allow configuring multiplier
- Allow selecting from 11 popular moving averages
- Allow smoothing the moving average (with 11 popular moving averages)
- Allow smoothing CCI (with 11 popular moving averages)
- Highlight high & low regions
- Trigger alerts on reversal appearance
- Print markers on reversal appearance
- Be NinjaScript ready for advanced usage, only restricted by your imagination
- Expose dedicated NinjaScript signals
Software Changelog
- 21 Sep 2020:Massive changes, fixes and improvements were made (DPI, display name, Z order, alert properties, marker string, chart info, property naming/positioning/grouping); alert popup was visually enhanced.
- 14 Feb 2020:The indicator was released (build new).
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