Trend Histogram CCI

v10.3
Trend Histogram CCI

The purpose of Trend Histogram is to detect a trend at the most opportune moment

Operation

Trend Histogram uses the functions of the CCI (Commodity Chanel Index) to calculate whether the price is in a trend phase.

For this, the CCI is used under four basic values ​​which allows it to have a short, medium and long view of the market situation.

How to use it

Trend Histogram ((Indicator))

Its fundamental goal is to indicate you visually if there is a trend or not in the form of a red or green rectangle, you can also see the movements of the CCI in the indicator (in the form of dots and rectangle) to give you a overview of its current level.

A BackGroundColor is provided to visualize the indicator on the Main Graph

It is obviously recommended to position yourself in a market that converges with these higher timeframes.

So, use this indicator on a multi timeframe.

Once the timeframe has converged, you can apply an intervention strategy

 

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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  1. XXXXVII • 108 days ago #

    Fixed ITF Trend Background

    //Indicateur CCI
    ID2 = CCI[50] => 60
    ID3 = CCI[100] => 60
    ID4 = CCI[150] => 60
    ID5 = CCI[200] => 60
    ID7 = CCI[50] =< -60
    ID8 = CCI[100] =< -60
    ID9 = CCI[150] =< -60
    ID10 = CCI[200] =< -60

    //Regroupement des commande
    IDL = ID2 and ID3 and ID4 and ID5
    IDS = ID7 and ID8 and ID9 and ID10

    //Commande CCI
    If IDL then
    Signal = 1
    elsif IDS then
    Signal = -1
    else
    Signal = 0
    endif

    //Affichage
    if signal = 1 then
    backgroundcolor(62,169,203,50)
    endif
    if signal = -1 then
    backgroundcolor(73,73,73,50)
    endif

    return

  2. Sanglier • 105 days ago #

    thanks ! i have been looking forward to find something like this

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