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CCI is a famous classic indicator that offers many valuable uses. CCI Trend Pro focuses on exploiting CCI's power in gauging trend direction and trend strength. The indicator lets you define a high region & a low region (e.g. above +100 and below -100). Then:
- When CCI reaches +100, the trend switches from downtrend to uptrend. The uptrend maintains until CCI falls below -100. Depending on the value of CCI (and "Sensitive Mode"), an uptrend is divided into 2 strong phases: strong & weak.
- When CCI falls below -100, the trend switches from uptrend to downtrend. The downtrend maintains until CCI reaches +100. Depending on the value of CCI (and "Sensitive Mode"), a downtrend is divided into 2 strong phases: strong & weak.
A trend resuming signal is given when a trend (either uptrend or downtrend) switches from weak to strong. This signal is especially valuable to trend followers. Besides its trend 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.
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Dedicated NinjaScript Signals
- Signal_State: 1 = high, -1 = low, 0 = middle
- Signal_Trend: 2 = uptrend strong, 1 = uptrend weak, -2 = downtrend strong, -1 = downtrend weak
Key Features
- Plot CCI
- Allow configuring "Sensitive 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)
- Paint bars to show 2 phases: uptrend, downtrend
- Paint background to show 4 phases: uptrend strong, uptrend weak, downtrend strong, downtrend weak
- Colorize CCI based on 4 phases: uptrend strong, uptrend weak, downtrend strong, downtrend weak
- Highlight high & low regions
- Print markers on trend shift
- Trigger alerts on trend shift
- Print markers on trend resuming
- Trigger alerts on trend resuming
- Be NinjaScript ready for advanced usage, only restricted by your imagination
- Expose dedicated NinjaScript signals
Software Changelog
- 14 Sep 2020:A minor issue with "soundPath" was fixed.
- 04 Aug 2020:Alert popup was visually enhanced.
- 16 Jul 2020:Massive changes, fixes and improvements were made (DPI, display name, Z order, alert properties, marker string, bar painting, chart info, property naming/positioning/grouping).
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