Trend and Entry CCI ST15 — Indicator by stocktrader15

Commodity Channel Index (CCI) Woodies CCI

This is a T3 CCI with a fast and slow line as well as extreme lines, a -15,15 filter to make zero line rejections and crosses more mechanical and help weed out whipsaw. I will probably update description in the future and get into more detail about how the indicator is used but for now if you want more info look up woodie CCI patterns :) Good Luck!!

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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//@version=2
study(title="Trend and Entry CCI ST15", shorttitle="Trend and Entry CCI")
CCI_Period = input(89, minval=1)
CCI_Period14 = input(21, minval=2)
T3_Period = input(5, minval=1)
b = input(0.618)
band5 = hline(100)
band4 = hline(-100)
hline(0, color=purple, linestyle=line)
band3 = hline(200, title="Upper Line", linestyle=dashed, linewidth=2, color=red)
band2 = hline(-200, title="Lower Line", linestyle=dashed, linewidth=2, color=lime)
band1 = hline(15)
band0 = hline(-15)
fill(band1, band0, color=yellow, transp=1)
xPrice = close
b2 = b*b
b3 = b2*b
c1 = -b3
c2 = (3*(b2 + b3))
c3 = -3*(2*b2 + b + b3)
c4 = (1 + 3*b + b3 + 3*b2)
nn = iff(T3_Period < 1, 1, T3_Period)
nr = 1 + 0.5*(nn - 1)
w1 = 2 / (nr + 1)
w2 = 1 - w1 
xcci = cci(xPrice, CCI_Period)
e1 = w1*xcci + w2*nz(e1[1])
e2 = w1*e1 + w2*nz(e2[1])
e3 = w1*e2 + w2*nz(e3[1])
e4 = w1*e3 + w2*nz(e4[1])
e5 = w1*e4 + w2*nz(e5[1])
e6 = w1*e5 + w2*nz(e6[1])
xccir = c1*e6 + c2*e5 + c3*e4 + c4*e3 
cciHcolor = iff(xccir >= 0 , green,iff(xccir < 0, red, black))

xcci14 = cci(xPrice, CCI_Period14)
a1 = w1*xcci14 + w2*nz(a1[1])
a2 = w1*a1 + w2*nz(a2[1])
a3 = w1*a2 + w2*nz(a3[1])
a4 = w1*a3 + w2*nz(a4[1])
a5 = w1*a4 + w2*nz(a5[1])
a6 = w1*a5 + w2*nz(a6[1])
xccir14 = c1*a6 + c2*a5 + c3*a4 + c4*a3 

plot(xccir, color=blue, title="T3-CCI")
plot(xccir, color=cciHcolor, title="CCIH", style = histogram)

plot(xccir14, color=orange, title="CCIH",linewidth=2, style = line)