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The RCCI indicator is a combination of the RSI and CCI indicators.
The RSI (Relative Strength Index) is one of the most popular oscillators and used to operate in the markets. It is a valuable tool to measure both the speed in price changes and also the possible levels of over purchase or over sale.
The CCI (Commodity Channel Index) indicator was developed by Donald Lambert. It is a versatile indicator that can be used both to identify a new trend and to detect extreme market conditions (over-purchase and over-sale).
Input parameters
CCI_Period : Period for Commodity Channel Index.
RSI_Period : Period for Relative Strength Index.
Default levels at 100 / -100