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CCI Bar Signals for Momentum and Threshold Crossings

Article MQL5 code base

Summary

This note explains a CCI indicator display that classifies the indicator’s direction and position relative to overbought and oversold thresholds. Its settings include the CCI period, both thresholds, and separate buy and sell entry levels.

The indicator uses colored pointers: blue for rising CCI within the threshold range, orange for falling CCI there, and gray when CCI is beyond either threshold. Green and red pointers mark upward crossings of the buy level and downward crossings of the sell level, respectively. The document describes the display rules but provides no backtest, performance evidence, or guidance on how to turn the signals into a complete trading system.

Key ideas

  • CCI direction and threshold position determine the indicator’s pointer colors.
  • Buy and sell pointers mark upward and downward crossings of their respective entry levels.
  • The document describes signal visualization but does not establish trading performance or entry and exit risk rules.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.