OPEN-SOURCE SCRIPT
Baekdoo arrows (white : long term CCI trend changing signal)
Hi forks,
I'm trader Baekdoosan who trading Equity from South Korea. This long term CCI trend changing signal will gives you good buy point for a long term trading.
As you know, CCI ( Commodity Channel Index ) is the indicator of how difference from MA(Moving Average). If CCI (period) value is 0 then it is the same value of the SMA (price, period). Indication of overselling or overbuying will be counted by -100 and 100 value of CCI . What I chose value is 240. which is almost a year of period. My signal will be plotted this long term CCI indicator cross over -100. But I don't want it to be marked in case of long term CCI value fluctuating from -101 to -99 which will be marked frequently. Thus I put candle counter of 60 days after cross under -100 then only I count for cross over -100. By this I have very good signal to mark on the chart. Please enjoy my signal and have good profit from it~! Gazua~!
I'm trader Baekdoosan who trading Equity from South Korea. This long term CCI trend changing signal will gives you good buy point for a long term trading.
As you know, CCI ( Commodity Channel Index ) is the indicator of how difference from MA(Moving Average). If CCI (period) value is 0 then it is the same value of the SMA (price, period). Indication of overselling or overbuying will be counted by -100 and 100 value of CCI . What I chose value is 240. which is almost a year of period. My signal will be plotted this long term CCI indicator cross over -100. But I don't want it to be marked in case of long term CCI value fluctuating from -101 to -99 which will be marked frequently. Thus I put candle counter of 60 days after cross under -100 then only I count for cross over -100. By this I have very good signal to mark on the chart. Please enjoy my signal and have good profit from it~! Gazua~!
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.