Recruitment of participants CCI Divergence Indicator all-in-one package

CCI Divergence Indicator all-in-one package

No matter what kind of strategy you have, timing is one of the most important elements in trading.
Everyone wants to be one step ahead of the game. But how and is it even possible?

A lot of traders rely on CCI indicator and most of them spend their day to stare at the charts for hours and waiting for CCI divergence to happen on current bar. Experienced traders can manage to follow multiple charts at the same time, if you are one of them, you know you have been doing this for years.

Now, imagine an indicator can automatically generate a sound alert whenever there is an CCI Divergence on the chart, if you are away from your computer it can even send you a SMS. This is one step ahead of others.

If you need to watch dozens of symbols at the same time, the chart indicator cannot give signals for all of them unless you open dozens of charts which obviously not an option. In order to get Divergence signals for all symbols in your watchlist, the CCI Divergence Custom Quotes is your best solution. It's capable to show Divergence signals in all timeframes you chose with separate columns. This is another step ahead of others.

If you don't want to wait for the signals to appear on watchlist, the CCI Divergence SCAN makes it possible for you to search the whole market with CCI Divergence together with any other criteria you like to add.

With these three products together, you are a few steps ahead of others.

This CCI divergence Indicator all-in-one package for Thinkorswim includes:
1.CCI Divergence indicator
2.Advanced CCI Divergence SCAN
3.CCI Divergence signals Custom Quotes

1.CCI Divergence indicator

CCI Divergence indicator gives possible reversal signals when there are discrepancies between CCI and price movement.

Divergence emerges when price and oscillator indicator move in different directions.

For instance, an uptrend Negative Divergence occurs when price reaches a higher high, but the indicator fails to follow. In a downtrend, positive divergence occurs when price reaches a lower low, yet the indicator does not reach a lower low.
For the most part, oscillator indicators and price trailing each other and move in the same direction. However, when they start to drift apart, the current trade may consolidate or exhibit a reverse pattern.

Features:

1. Alert: provide both sound and message alert whenever a divergence is found. You can turn it on or off.
2. Length 1&2: Define the range of bars which are used to calculate the recent High and previous High, as shown in picture.
3. CCI_mode: Choose "Upper" to only plot signal arrows on price chart.
   Choose "lower" it will plot as a CCI indicator with divergence signals.
4. Percent: The difference between High1 and High2, as shown in picture.
5. CCI_Percent: The difference between CCI1 and CCI2, as shown in picture.
6. All Parameters of CCI: Adjust the inputs of CCI indicato

How to use:
The purpose of divergence indicator is to point when price trend are moving into opposite direction.

Negative divergence:
First of all, we need to locate the recent High1 and its CCI1 value within the given range(lenght1).
Secondly, we find the previous High2 and its CCI2 value within the given range(lenght2).

Then we compare the ratio of these 2 Highs and CCI values to determine if they meet the percentage you set.



For example, if you set "percent=3", then it will check if High1 is greater than High2 by 3%. If you set "CCI percent=5" then it will check if CCI1 is less than CCI2 by 5%.

If both percent conditions are met, there will be a red arrow pointing downward.

Positive divergence:
The indicator will find the recent Low1 and its CCI1 value within the given range(lenght1).
And then it will find the previous Low2 and its CCI2 value within the given range(lenght2).

If you set "percent=1", then it will check if Low1 is less than Low2 by 1%. If you set "CCI percent=5" then it will check if CCI1 is greater than CCI2 by 5%.

If both percent conditions are met, there will be a green arrow pointing upward.



Please note: in order to plot this indicator on both price chart and lower chart, you need to load it in two places. And set CCI_mode to "Upper" in Price chart and CCI_mode to "lower" in Lower chart. As shown in the following picture.

If you want the same signals on both charts, all parameters have to be consistent on both sides.



This indicator works in any time period and applicable for all securities(Stocks, Futures, Forex, Options,ETF, etc.).
When you use this indicator in minute chart, it's better to set "percent" less than 1, otherwise, lots of signals will be filtered.

2.Advanced CCI Divergence SCAN

This customized scanner will find all Positive/Negative (bearish/bullish) CCI Divergence based on your settings.
This Advanced scanner is specially made for experienced traders.

For example, you can search CCI Divergence signals in a short range, such as 15 bars(applicable to any time period).

You can also search in a long range, such as 60 or 100 bars. Furthermore, you can specify the percentage of price change between 2 Highs and the percentage of CCI value change which are used to find the Divergence.

It makes possible to scan on very complex conditions.

Example 1, scan Negative (bearish) CCI Divergence if current High is the peak within 15 bars, and it's 5% greater than the peak from 25 bars ago. At the same time, the current CCI value is 8% less than the CCI value of that peak from 25 bars ago.

Example 2, scan Positive (bullish) CCI Divergence if current Low is the trough within 5 bars, and it's 3% less than the trough from 15 bars ago. At the same time, the current CCI value is 10% greater than the CCI value of that trough from 15 bars ago.

Features:

• 
  
  • You can change all CCI (Relative Strength Index) parameters:
    • length: The number of bars used to calculate the CCI.
    • price: The price used to calculate the CCI.
    • average type: The type of moving average to be used in calculations: simple, exponential, weighted, Wilder's, or Hull.
  • Length 1&2: Define the range of bars which are used to calculate the recent High and previous High, as shown in picture.
  • Percent: The difference between High1 and High2, as shown in picture.
  • CCI_Percent: The difference between CCI1 and CCI2, as shown in picture.
  • Scan in many time frames, 5mins, 15mins, 30mins, 1 day, 1 week, 1 month.
  • Applicable for all securities(Stocks, Futures, Forex, Options,ETF, etc.)

3.CCI Divergence signals Custom Quotes

This custom study will help you to quickly identify the CCI Divergence signals in the Watchlist.
It will detect all Positive/Negative (bearish/bullish) CCI Divergence based on your settings.

Features:

• 
  
  • You can change all CCI parameters:
    • length: The number of bars used to calculate the CCI.
    • price: The price used to calculate the CCI.
    • average type: The type of moving average to be used in calculations: simple, exponential, weighted, Wilder's, or Hull.
  • Length 1&2: Define the range of bars that used to calculate the recent High and previous High, as shown in picture.
  • Percent: The difference between High1 and High2, as shown in picture.
  • CCI_Percent: The difference between CCI1 and CCI2, as shown in picture.
  • Available in all time periods and Applicable for all securities.
  • You can set multiple columns to display prices in various time periods.
  • Sorting the list based on your own preferences.