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Asymmetrical RSI is an indicator that computes a custom relative strength index from the rate of change of a user-selected source. It plots the resulting ARSI line in a separate pane with color coding that turns green above the overbought level and red below t
Indicator · Pine Script v5 · Own pane
Woodies CCI
Woodies CCI is a momentum oscillator indicator that calculates two versions of the Commodity Channel Index: a Turbo version and a standard 14-period version.
GitHub stars37on the repository
Pine versionv5runs as is
Lines of code16
Settings2inputs
LicenceMIT
Last update3 years ago10 Feb 2023
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
16 lines of Pine Script v5 from Technical-Indicators/Technical Indicators are Here🤩/Woodies-CCI.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=5
indicator(title="Woodies CCI", timeframe="", timeframe_gaps=true)
cciTurboLength = input.int(title="CCI Turbo Length", defval=6, minval=3, maxval=14)
cci14Length = input.int(title="CCI 14 Length", defval=14, minval=7, maxval=20)
source = close
cciTurbo = ta.cci(source, cciTurboLength)
cci14 = ta.cci(source, cci14Length)
last5IsDown = cci14[5] < 0 and cci14[4] < 0 and cci14[3] < 0 and cci14[2] < 0 and cci14[1] < 0
last5IsUp = cci14[5] > 0 and cci14[4] > 0 and cci14[3] > 0 and cci14[2] > 0 and cci14[1] > 0
histogramColor = last5IsUp ? #009688 : last5IsDown ? #F44336 : cci14 < 0 ? #009688 : #F44336
plot(cci14, title="CCI Turbo Histogram", color=histogramColor, style=plot.style_histogram)
plot(cciTurbo, title="CCI Turbo", color=#009688 , style=plot.style_line)
plot(cci14, title="CCI 14", color= #F44336, style=plot.style_line)
hline(0, title="Zero Line", color=#787B86, linestyle=hline.style_solid)
hline(100, title="Hundred Line", color=#787B86, linestyle=hline.style_dotted)
hline(-100, title="Minus Line", color=#787B86, linestyle=hline.style_dotted)
Overview
Woodies CCI plots the CCI Turbo as a green line, the CCI 14 as a red line, and a histogram that changes color to green or red based on whether the last five CCI 14 values are all positive or all negative. The histogram also reflects the sign of the CCI 14. This indicator draws on a separate pane below the price chart. The main settings allow adjusting the lengths of both CCI calculations. It provides visual signals for momentum shifts but does not include automatic buy or sell entries.
- CCI Turbo
- CCI 14
- Histogram Color
- Zero Line
- Momentum Signal
Details
Published by
TWODS-CAPITAL on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Oscillators & momentum
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| CCI Turbo Length | int | 6 | cciTurboLength |
| CCI 14 Length | int | 14 | cci14Length |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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