FW_CCI_Basic

Description

The Price Snap Back to Trend Study (Basic version) uses three CCI studies looking for spreads between the long-term CCI50, CCI20, and CCI05. Spreads greater than 150 points are signaled for Snap Back moves to the price trend. This works for all time periods and tick charts.

Input Parameters

Parameter Description
show0550 Defines whether or not to show the breadth plot (difference) and/or the flag between the CCI05 and CCI50.
show flag super snap Defines whether or not to show a flag for (CCI50 >= +100 and CCI05 <= -100) or (CCI50 <= -100 and CCI05 >= +100). These arrows are cyan and yellow by default.
show flag100 trans Defines whether or not to show arrow (green for up / red for down) whenever the CCI50 transitions through +100 or -100. These arrows are red and green by default.

Plots

Plot Description
CCI50 The 50 period CCI.
CCI20 The 20 period CCI.
CCI05 The 5 period CCI.
CCI_Breadth_05_50 The difference between CCI05 and CCI50.
Flag_05_50_Up The difference between CCI05 and CCI50, above the specified level.
Flag_05_50_Dn The difference between CCI05 and CCI50, below the specified level.
BreadthHi The high breadth level.
BreadthLo The low breadth level.
OverSold The oversold level.
OverBought The overbought level.
ZeroLine Zero level.
SuperSnapDn The "Super Snap" arrows marking high CCI50 and low CCI05.
SuperSnapUp The "Super Snap" arrows marking low CCI50 and high CCI05.
CCI50TransUp The arrows marking the CCI50 transition above the overbought or the oversold level.
CCI50TransDn The arrows marking the CCI50 transition below the overbought or the oversold level.

Example*

*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.

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