PROTECTED SOURCE SCRIPT
CCI by Edwin K
What it shows
The indicator measures momentum strength and extremes using the Commodity Channel Index (CCI) and colors zones and histograms so you can instantly see when the market is overbought, oversold, or shifting direction.
How to read it
Blue line:** The CCI value (main signal).
Colored histogram: Momentum direction
Green shades = momentum rising (bullish)
Red shades = momentum falling (bearish)
Background zones:
Purple = extreme overbought/oversold (±200 → possible reversal zone)
Yellow = transition warning (momentum turning from extreme)
Gray/neutral = mild momentum (+/−80 to ±150 range)
How to trade it
1. Trend trades (momentum):**
When CCI rises above +80, momentum is turning bullish → look for buys.
When CCI drops below −80, momentum is turning bearish → look for sells.
Stay in the trade while the histogram keeps the same color direction.
2. Reversal trades (mean reversion):**
When a **yellow bar** appears, it means CCI just bounced out of an extreme zone (like from below −200 to above −150).
→ This often signals an upcoming price reversal.
A yellow bar after an extreme can be an early warning to take profit or look for the opposite setup.
The indicator measures momentum strength and extremes using the Commodity Channel Index (CCI) and colors zones and histograms so you can instantly see when the market is overbought, oversold, or shifting direction.
How to read it
Blue line:** The CCI value (main signal).
Colored histogram: Momentum direction
Green shades = momentum rising (bullish)
Red shades = momentum falling (bearish)
Background zones:
Purple = extreme overbought/oversold (±200 → possible reversal zone)
Yellow = transition warning (momentum turning from extreme)
Gray/neutral = mild momentum (+/−80 to ±150 range)
How to trade it
1. Trend trades (momentum):**
When CCI rises above +80, momentum is turning bullish → look for buys.
When CCI drops below −80, momentum is turning bearish → look for sells.
Stay in the trade while the histogram keeps the same color direction.
2. Reversal trades (mean reversion):**
When a **yellow bar** appears, it means CCI just bounced out of an extreme zone (like from below −200 to above −150).
→ This often signals an upcoming price reversal.
A yellow bar after an extreme can be an early warning to take profit or look for the opposite setup.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.