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[SK] RSI/CCI Correlating Oscillator

The combination of RSI and CCI can be a powerful tool to efficiently signal the strength of the trend and upcoming reversals.
The magic comes when you're able to correlate both indicators correctly, this is the power I give you with the RSCCIO.
I've added additional features to each indicator that make signals more clear and easier to identify.
On the RSI
On the CCI
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RSI Relative Strength Index
The RSI is a momentum indicator that measures the magnitude of recent price changes. An asset is usually considered overbought when the RSI is above 70% and oversold when it is below 30%.
CCI Commodity Channel Index
The CCI was originally developed to spot trend changes. Use the CCI on the longer-term chart to establish the dominant trend and on the shorter-term chart to isolate pullbacks and generate trade signals.
The magic comes when you're able to correlate both indicators correctly, this is the power I give you with the RSCCIO.
I've added additional features to each indicator that make signals more clear and easier to identify.
On the RSI
- Directional color coding similar to what you can find on a MACD. This helps to identify the general trend ( above or below midline ) and the of the movement within.
- For precise correlation the RSI is adjusted to a midline of 0. You can still enter the overbought/oversold levels as you'd expect on a regular RSI and it will be automatically adjusted.
On the CCI
- Extreme strength / weakness color coding when the value exceeds the range makes signals more clear.
- For precise correlation with the RSI, we need to scale down the value of the CCI with the Sensitivity Input. The default value works overall but feel free to play around to adjust the scale of the CCI movement.
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RSI Relative Strength Index
The RSI is a momentum indicator that measures the magnitude of recent price changes. An asset is usually considered overbought when the RSI is above 70% and oversold when it is below 30%.
CCI Commodity Channel Index
The CCI was originally developed to spot trend changes. Use the CCI on the longer-term chart to establish the dominant trend and on the shorter-term chart to isolate pullbacks and generate trade signals.
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开源脚本
秉承TradingView的精神,该脚本的作者将其开源,以便交易者可以查看和验证其功能。向作者致敬!您可以免费使用该脚本,但请记住,重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。