CCI with divergence
|Author: Kurt Hulse
|Download this Script|
|Posting Date: 6/7/2017||Download Count: 40|
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Combination of CCI momentum indicator with adaptive zones and divergence
This combination of the CCI and adaptive buy/sell zones also identifies divergences
between price and the indicator value -- producing buy and sell signals. If a
divergence becomes invalidated by further price action, then the color of the original
divergence marker is changed to gray.
You can change the lookback length of the CCI calculation as well as the ratio of
adaptive zone lookback to CCI lookback. You can also change the color of the
indicator, the adaptive zone lines, and the divergence markers. Ann additional
toggle allows you to put an opaque background behind the indicator if you wish.
This indicator requires that the adaptive zone functions and their helper functions be
installed on your system.
For best results, experiment with the lookback periods for the CCI and adaptive
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