Multi-Timeframe CCI (Titan_Multi_CCI)
Indicator Overview
Displaying Multi-Timeframe CCI
The Multi-Timeframe CCI indicator allows for the display of longer timeframe CCI values on the current timeframe's chart.
For example, it's possible to display the 4-hour and daily CCI on a 1-hour chart for deeper analysis.
This indicator is useful for identifying the broader trend directions with the long-term CCI while searching for optimal trading opportunities.
【Example of analyzing with a 4-hour CCI displayed on a 1-hour chart】
What is CCI?
CCI, or Commodity Channel Index, is an oscillator-type indicator used to determine overbought and oversold levels.
Traditionally, it's believed that a CCI value above +100 indicates an overbought condition calling for a sell signal, and a value below -100 indicates an oversold condition calling for a buy signal. However, more recently, exceeding +100 is often interpreted as the onset of an uptrend, and dipping below -100 as the start of a downtrend, making it a popular tool for trend identification.
In this context, a CCI value above +100 serves as a buy signal, and below -100 as a sell signal.
【Example of CCI buy and sell signals as trend indicators】
※ This indicator is only operational on the Windows version of MT5 and MT4 provided by TitanFX.
Indicator Terms of Use
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1.The indicators and related descriptions are based on various data believed to be reliable, but their accuracy and completeness are not guaranteed.
2.The data displayed by the indicators do not guarantee your investment results. Also, the displayed content may vary due to market conditions and communication environments.
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4.Specifications of the indicators are subject to change without notice. Changes will be announced on the indicator description pages, etc.
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Indicator Settings
Input (for MT5) or Parameter Entry (for MT4) Tab Configuration
| Variable Name | Description | Default |
|---|---|---|
| Timeframe | Specifies which timeframe's CCI to display. Selecting 'current' displays the CCI for the chart's current timeframe. | current |
| Period | Specifies the period for the moving average. | 14 |
| Applied Price | Specifies the price to be used. | Close price |
Color (for MT5) or Color Settings (for MT4) Tab Configuration
| MT5 | MT4 | Description |
|---|---|---|
| 0 | 0 | Color, thickness, and style of the line |