this Screener identifies sharp movements, pointing to a potential reversal.

It uses CCI and MA of CCI. for example the CCI is above a neutral zone (definable parameter) and the CCIMA is below the neutral zone and has been there for a long (definable parameter) time.

The ROC is used to identify only those instruments where significant price action has occured.

Of course other factors need to be appraised in your investment decision, don’t jump in too early!

n=20
myCCI = CCI[n]
CCIMA = Average[20](myCCI)
myROC=ROC[n](close)
ROCMA=Average[5](myROC)
//lines
OBminline = 30
OSminline = OBminline * -1
//entry
EntryOK = 0

//for the long CCIMA only. This implies stronger momentum
a=0
TailCounter=0
CCIMAminlength=30

/////////////setup///////////////////////////////
//positive//////////////////////////////////////////
myROCup = ROCMA >= 0
CCIMApositive = CCIMA>OBminline
CCInegative=myCCI<OSminline
//negative//////////////////////////////////////////
myROCdown = ROCMA <= 0
CCIMAnegative = CCIMA<OSminline
CCIpositive=myCCI>OBminline


//find only longer CCIMA
while ((CCIMApositive[a] and CCIMApositive[a+1])or(CCIMAnegative[a] and CCIMAnegative[a+1])) do
 TailCounter=Tailcounter+1
 a=a+1
wend


// entries
if (myROCup and CCIMApositive and CCInegative and TailCounter>CCIMAminlength) then
 EntryOK = 1 //Long OK now
elsif (myROCdown and CCIMAnegative and CCIpositive and TailCounter>CCIMAminlength) then
 EntryOK = -1//Short OK now
endif


SCREENER [(EntryOK)=1 or EntryOK=-1] ((EntryOK*Tailcounter) as "EntryOK x ROC")