This indicator shows Commodity Channel Index (CCI) data from 9 currency pairs by your choice for all 9 Time Frames.
If a digital value of the CCI is less or equal to DnLevel = -100 (or whatever number you decided to put) then a Green square will appear. This is potentially an oversold condition and maybe a good time to go Long.
If a digital value of the CCI is greater or equal to UpLevel = 100 (or whatever number you decided to put) then a Red square will appear. This is potentially an overbought condition and maybe a good time to go Short.
If a digital value of the CCI is between an UpLevel and a DnLevel then a Gray square will appear.
Input parameters
- From Symb1 to Symb9 - you may change any of this Symbol to any legal currency pair existed on your platform.
- cPeriod = 14; - averaging period for the CCI.
- appPrice = PRICE_CLOSE; - applied price for the CCI.
- UpLevel = 100; - overbought level.
- DnLevel = -100; - oversold level.
- SymbColor = clrWhite; - you may change the color of all labels.
