CCI+ by quantsnaz

the CCI+ indicator is a modified version of the commodity channel index (CCI) that utilizes a moving average to enhance its performance. this hybrid approach provides a powerful tool for both trend-following and mean-reversion usage.

buy signal: when the CCI+ crosses above the mid-line(0), it suggests an uptrend is underway.
sell signal: when the CCI+ crosses below the mid-line, it signals a potential downtrend.

a potential price reversal may be signaled when the CCI+ reaches extreme levels, marked by a pronounced intensification of the lime colour gradient, suggesting an overbought or oversold condition.

i hope the CCI+ proves to be a valuable tool in your trading arsenal, enjoy!