Woodies CCI

Woodies CCI indicator is the modified conventional CCI (Commodity Channel Index). The indicator is composed of two CCI, with the periods of 6 and 14. A fast curve is used to forecast the movement of a slow one. The Woodies CCI is also supplemented by a histogram for the slow CCI, which has different colors depending on the conditions. Values of the Woodies CCI index vary near the zero line; they have neither upper, not lower boundaries. The high value of the indicator means the “overbought” price at present; the low value means the “oversold” price. The key levels of the Woodies CCI index are +-100, +-200 and zero line.

Indicator view on the chart.

To add and set up this indicator, open the settings window.

Common.

Entry CCI Period -– setup of the period for the Entry CCI line 

LSMA Period - setup of the period for the LSMA line 

Trend CCI Period - setup of the period for the Trend CCI line 

Trend Period - setup of the period for the Trend line 

Drawing.

Panel – selection of the indicator position on the chart:

  • New panel.
  • Chart.

CCI Trend Down

Show value – display of the indicator value on the left on the price scale 

Color - color setup of the indicator.

Visual type - visual setup of the indicator display on the chart: 

  • Line
  • Histogram
  • Hash
  • Block
  • Cross
  • Square
  • Dots
  • Up arrow
  • Down arrow
  • Axis label
  • Hide

Line style - setup of the line display: 

  • Solide
  • Dash
  • Dash-dot
  • Dash-dot-dot

Width - width setup for the indicator line. 

*Lines CCI Trend UpEntry CCINegative LSMANo TrendPositive LSMATime BarTrend CCI, and Zero Line have the same visual settings that the CCI Trend Down line 

Lines.

Color - color setup of line 100.

Line Style - setup of the line display:

  • Solide
  • Dash
  • Dot
  • Dash-dot
  • Dash-dot-dot

Width - width setup for line 100.

Value - manual setup of a value, line 100.

Text – this option allows adding a text to this line.

* Line -100, 200, -200, 300 and -300, have the same Visual settings 100 line.