CCI / Owl of Profit

CCI Strategy Example

This strategy uses the Commodity Channel Index (CCI) to identify potential long and short trading opportunities. It features customizable smoothing options and optional Bollinger Bands for added precision.

Features:

CCI Calculation:

CCI is calculated using the source (default: HLC3) with customizable period length.
Plots CCI values along with key levels (+100, -100, and 0) to identify overbought/oversold conditions.
Smoothing Options:

Includes various moving average types: SMA, EMA, SMMA (RMA), WMA, and VWMA.
Optionally applies Bollinger Bands to the smoothed CCI values for dynamic overbought/oversold levels.
Entry Conditions:

Long: Triggered when CCI crosses above -100.
Short: Triggered when CCI crosses above +100.
Customization Options:

Adjust CCI length and source (e.g., close, hlc3).
Select MA type and length for smoothing.
Enable Bollinger Bands with customizable standard deviation multiplier.
Visualization:

Clear CCI plot with shaded background for oversold and overbought zones.
Optional smoothed CCI with Bollinger Bands for advanced analysis.
This strategy is designed for educational and testing purposes. Use it as a foundation for backtesting and adapting to your trading needs.

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Happy trading!