Topic: "CCI Buy Sell Zones" indicator
This indicator determines a buy zone when the market is oversold and a sell zone when the market is overbought.
The indicator detects a beginning of a new trend.
Te indicator consists of a CCI (Commodity Channel Index) line and a Moving Average line calculated on the CCI line. There is also predefined level.
MA (CCI) line must be below -Level (an oversold market).
The Buy zone starts when the CCI line crosses the MA (CCI) line from below to above.
The Buy zone finishes when MA (CCI) line goes above the -Level line.
MA (CCI) line must be above Level (an overbought market).
The Sell zone starts when the CCI line crosses the MA (CCI) line from above to below.
The Sell zone finishes when MA (CCI) line goes below the Level line.
Repository link: CCI Buy Sell Zones