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.