follow_the_money

MS MONEY CCI SQUEEZE

About
I have used this indicator to find many lucrative opportunities. This indicator takes the moving average of CCI in custom, volatility-specific conditions. CCI measures "overbought" in the red-shaded region and "Oversold" in the green-shaded region. The shaded regions do not constitute a buy/sell signal alone, the MS CCI Squeeze is best used when market conditions agree and is best used when the user has fundamental reasoning for "reversal-like" situations to align. The MS CCI Squeeze will soon have a synergistic partner called "MS RSI Squeeze" indicator that will look similar to help better measure volatility and strength trend.


About the Commodity Channel Index ( CCI )
The commodity channel index ( CCI ) is an oscillator originally introduced by Donald Lambert in 1980. Since its introduction, the indicator has grown in popularity and is now a very common tool for traders in identifying cyclical trends not only in commodities , but also equities (stocks) and currency trading.

How to set an Alert
If the user wants to set an alert, click on one of the support/ resistance lines (black-dashed) near the zero mark. Clicking on the horizontal line above or below the zero line will populate a yellow arrow which will allow you to set alerts when wanted.

Please Read For Better Efficiency
When using this indicator, keep an eye out for harmonic patterns , both bullish and bearish head and shoulders patterns for "HIDDEN" breakout opportunities.

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Comentários

Awesome script. Good results I found when back tested with TTM Squeeze.
Resposta
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