SRI- CCI and Daily Candle MiniChart

Indicator Description

Name: SRI – CCI and Daily Candle MiniChart
Shorttitle: Sri-Minicharts
Type: Overlay Indicator
Purpose:
This indicator is designed to provide a compact visual snapshot of momentum and trend using CCI (Commodity Channel Index) with EMA smoothing and a mini daily (or monthly) candle display. It allows traders to monitor momentum shifts, overbought/oversold conditions, and higher timeframe candle trends without cluttering the main chart.

Key Features:

CCI Mini-Chart

Plots CCI values scaled to the chart price for easy visualization.

Adds a long EMA of CCI for smoothing and trend recognition.

Includes reference lines at ±100, ±80, and 0 for overbought/oversold/neutral levels.

Adjustable sensitivity, length, and scaling for custom responsiveness.

Shows only the most recent bars for clarity.

Daily/Monthly Candle Mini-View

Plots 4 recent candles (Normal or Heikin Ashi) on the chart with configurable offset and thickness.

Allows traders to see higher timeframe trend without switching charts.

Customizable candle colors for bullish and bearish bars.

Custom Timeframe Support

Mini CCI chart can use any custom timeframe, independent of chart timeframe.

Visual Enhancements

Color-coded CCI: green when positive, red when negative.

EMA overlay in blue for trend direction of CCI.

Daily candle mini-chart positioned horizontally for easy reference.

Pros

Compact & Informative:

Combines momentum (CCI) and trend (daily candles) in a single overlay, helping traders make faster decisions.

Multi-Timeframe Awareness:

Mini daily/monthly candles provide context of higher timeframe trends alongside short-term CCI analysis.

Customizable:

Users can adjust CCI length, EMA, sensitivity, scaling, offset, and colors to suit any trading style.

Trend Clarity:

EMA overlay smooths CCI, reducing noise from volatile price movements.

Reference Levels:

Overbought/oversold lines help traders spot potential reversals or continuation zones.

Non-Intrusive:

Mini chart and candles do not clutter main chart; only draw latest bars for visual clarity.

Suggestions to Enhance Potential Winning

Add Trend Strength Indicator:

Integrate ADX + DI mini-bars or lines to confirm if the CCI trend is supported by strong trend conditions.

Include Volume or OBV:

Adding volume mini-bars or OBV trend helps validate moves supported by trading activity.

Add Confirmation Oscillator:

Include RSI or Stochastic mini-chart for additional momentum confirmation before taking trades.

Signal Markers & Alerts:

Add arrows or dots when CCI crosses EMA or key levels.

Enable alerts for public users on CCI signals or daily candle breakouts.

Multi-Timeframe Integration:

Show weekly or monthly candle trends alongside daily candles for stronger context.

Dynamic Scaling & Auto-Offset:

Improve auto-scaling logic for highly volatile instruments to prevent mini-chart distortion.

Backtesting Overlay (Optional):

Highlight historical trade signals on mini-charts to visualize potential past performance.

Summary

This script is a highly visual and multi-timeframe mini-chart indicator that is perfect for public use on TradingView. It gives quick insight into momentum and trend using CCI + EMA and shows recent higher timeframe candle trends, making it ideal for traders who want fast decision support without switching timeframes.

By adding ADX, RSI/Stochastic, volume confirmation, and alerts, it can become a full-fledged trade confirmation tool, increasing its practical value for both intraday and swing traders.