CCI Highlighted & Divergence Signals [CryptoProSignal]
>> This is the updated version of my previous ' CCI Highlighted ' indicator/oscillator (checkout in my previous published scripts) .
> > Whats new :
> This version of CCI highlighted has integrated divergence signals to spot various divergences on any timeframe which ultimately saves your time rather than
spotting divergences by manual analysis. Thus making it CCI Highlighted & Divergence Signals indicator/oscillator.
> By default it is optimised to give you divergence signal whenever CCI Length1 is above 100 or below -100 but you can always enable all divergences in
setting/format by simple check/uncheck.
> Tag reference in indicator/oscillator :
* Tag "R" refers to Regular divergence.
* Tag "H" refers to Hidden divergence.
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***Below is the description copy pasted from my previous version of CCI Highlighted for remaining functionality of this updated indicator/oscillator.***
>> This script is purely based on Commodity Channel Index ( CCI ) with multiple CCI instances being used within one oscillator.
>> User can use as much as 5 CCI instances/plot within one oscillator.
> How to use :
1. When Bullish :
Whenever CCI length 14 crosses above -100(negative 100) that means bullish momentum is supported.
Best bullish/long entry would be when CCI length 14 crosses above -100(negative 100) as mentioned above and at the same time CCI length
200 is bouncing on top of +100(positive 100).
2. When Bearish :
Whenever CCI length 14 crosses below +100(positive 100) that means bearish momentum is supported .
Best bearish/short entry would be when CCI length 14 crosses below +100(positive 100) as mentioned above and at the same time CCI length
200 is bouncing at bottom of -100(negative 100) .
> Color Clarity :
a. Bullish support is highlighted GREEN and bearish support is highlighted RED within the oscillator background with respect to
Length 1 (i.e 14 by default) .
b. PURPLE is highhighted when Length 5(i.e 200 by default) is bouncing either on top of +100(for bullish ) or at bottom of -100(for bearish ).
c. AQUA is highlighted when Length 3(i.e 50 by default) is bouncing on top or at bottom of 0 from either side respectively.
d. Best entry in both cases i.e bullish or bearish as mentioned above('How to use') is highlighted WHITE by default.
> Tip:
Just observe the color outputs on any timeframe in a chart as it works fractally on every timeframe , it will help you understand better with
clarity.
> You are always free to experiment with the CCI lengths, change highlighted color and hide/unhide the Lengths as per your requirements in
setting/format .
> > Whats new :
> This version of CCI highlighted has integrated divergence signals to spot various divergences on any timeframe which ultimately saves your time rather than
spotting divergences by manual analysis. Thus making it CCI Highlighted & Divergence Signals indicator/oscillator.
> By default it is optimised to give you divergence signal whenever CCI Length1 is above 100 or below -100 but you can always enable all divergences in
setting/format by simple check/uncheck.
> Tag reference in indicator/oscillator :
* Tag "R" refers to Regular divergence.
* Tag "H" refers to Hidden divergence.
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***Below is the description copy pasted from my previous version of CCI Highlighted for remaining functionality of this updated indicator/oscillator.***
>> This script is purely based on Commodity Channel Index ( CCI ) with multiple CCI instances being used within one oscillator.
>> User can use as much as 5 CCI instances/plot within one oscillator.
> How to use :
1. When Bullish :
Whenever CCI length 14 crosses above -100(negative 100) that means bullish momentum is supported.
Best bullish/long entry would be when CCI length 14 crosses above -100(negative 100) as mentioned above and at the same time CCI length
200 is bouncing on top of +100(positive 100).
2. When Bearish :
Whenever CCI length 14 crosses below +100(positive 100) that means bearish momentum is supported .
Best bearish/short entry would be when CCI length 14 crosses below +100(positive 100) as mentioned above and at the same time CCI length
200 is bouncing at bottom of -100(negative 100) .
> Color Clarity :
a. Bullish support is highlighted GREEN and bearish support is highlighted RED within the oscillator background with respect to
Length 1 (i.e 14 by default) .
b. PURPLE is highhighted when Length 5(i.e 200 by default) is bouncing either on top of +100(for bullish ) or at bottom of -100(for bearish ).
c. AQUA is highlighted when Length 3(i.e 50 by default) is bouncing on top or at bottom of 0 from either side respectively.
d. Best entry in both cases i.e bullish or bearish as mentioned above('How to use') is highlighted WHITE by default.
> Tip:
Just observe the color outputs on any timeframe in a chart as it works fractally on every timeframe , it will help you understand better with
clarity.
> You are always free to experiment with the CCI lengths, change highlighted color and hide/unhide the Lengths as per your requirements in
setting/format .