follow_the_money

MS MONEY CCI SQUEEZE

About
I have used this indicator to find many lucrative opportunities. This indicator takes the moving average of CCI in custom, volatility-specific conditions. CCI measures "overbought" in the red-shaded region and "Oversold" in the green-shaded region. The shaded regions do not constitute a buy/sell signal alone, the MS CCI Squeeze is best used when market conditions agree and is best used when the user has fundamental reasoning for "reversal-like" situations to align. The MS CCI Squeeze will soon have a synergistic partner called "MS RSI Squeeze" indicator that will look similar to help better measure volatility and strength trend.


About the Commodity Channel Index ( CCI )
The commodity channel index ( CCI ) is an oscillator originally introduced by Donald Lambert in 1980. Since its introduction, the indicator has grown in popularity and is now a very common tool for traders in identifying cyclical trends not only in commodities , but also equities (stocks) and currency trading.

How to set an Alert
If the user wants to set an alert, click on one of the support/ resistance lines (black-dashed) near the zero mark. Clicking on the horizontal line above or below the zero line will populate a yellow arrow which will allow you to set alerts when wanted.

Please Read For Better Efficiency
When using this indicator, keep an eye out for harmonic patterns , both bullish and bearish head and shoulders patterns for "HIDDEN" breakout opportunities.

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Kommentarer

15 mins this is gold on BTC during volatility. No need to hold from one to the other. Just exit on the extreme. Thanks for this!
Svara
Awesome script. Good results I found when back tested with TTM Squeeze.
Svara
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