Multi-Timeframe CCI Overbought and Oversold Signals
Summary
This indicator compares Commodity Channel Index readings across as many as five selectable timeframes. Users can choose the CCI input source, lookback length, overbought and oversold thresholds, and which timeframes are active. With the shown defaults, the tool checks thresholds of 100 and -100 across timeframes ranging from 15 minutes to four hours. Background colors and alerts mark conditions when all enabled timeframes simultaneously meet the overbought or oversold threshold.
The charting logic is intended to help traders spot possible reversal areas, rather than establish that reversals will follow. The included source also contains strategy-entry calls, but these appear inconsistent with the background and alert labels: an overbought condition triggers a long entry, while oversold triggers a short entry. The document provides a short BTC/USDT futures test configuration but no results or evidence of predictive performance. Multi-timeframe signals may lag, and users should verify the entry mapping and behavior in their intended market and timeframe.
Key ideas
- The indicator calculates CCI on up to five user-selected timeframes.
- Overbought or oversold status is marked only when all enabled timeframes satisfy the selected threshold.
- Users can customize the CCI source, length, thresholds, and active timeframes.
- The included strategy entries appear to reverse the long and short mapping suggested by the labels.
- A short BTC/USDT futures test setup is shown, but no performance results are reported.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.