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CCI Signals Confirmed by OBOS Levels and Trend Direction

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Summary

The document describes a chart indicator that combines the Commodity Channel Index (CCI) with overbought and oversold (OBOS) levels and a trend-direction filter. It marks a candle when CCI crosses an OBOS boundary in the direction aligned with a bullish or bearish trend, while allowing signals when trend status is uncertain. The marker is placed at the candle’s opening price.

Users can set the OBOS and CCI calculation periods and optionally color candles according to trend direction. The OBOS calculation is handled internally, so a separate OBOS indicator is not required. The document explains the signal conditions and display options but supplies no parameter values, market examples, backtest, or performance evidence. These labels describe indicator events; they do not by themselves specify entries, exits, or risk management.

Key ideas

  • The indicator combines CCI crossings with OBOS boundaries and a trend-direction condition.
  • An upward crossing of the upper boundary can create a bullish signal when the trend is bullish or uncertain.
  • A downward crossing of the lower boundary can create a bearish signal when the trend is bearish or uncertain.
  • The user can adjust both calculation periods and optionally color candles by trend.
  • The description provides no tested trading rules or performance results.

Tags

Technical indicatorsMomentum

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