OPEN-SOURCE SCRIPT
Updated Dual Commodity Channel Index
This simple script is a modification of the built-in CCI that adds a second CCI indicator of independent length. It also provides a Zero line for reference in addition to the built-in Upper/Lower Band.
Release Notes
//Using two CCI indicators with independent lengths instead of just one provides de-noising functionality similarly to MACD.//When both CCIs cross the Zero line, it can serve as confirmation of position entry/exit.
Release Notes
Added MACD-like histogram for the delta between the two CCIs.Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.