Commodity Channel Index - CCI

🎯 Overview
This is an enhanced Commodity Channel Index (CCI) indicator that transforms the traditional CCI into a centerline-focused momentum tool with moving average smoothing and comprehensive visual enhancements. Unlike standard CCI which uses ±100 levels, this version focuses on the 50-level centerline for clearer trend direction signals.

🧩 Core Components
1. ⚙️ Technical Foundation
📊 Primary Calculation: Uses TradingView's built-in ta.cci() function

📈 Statistical Approach: Measures current price relative to statistical mean

🎯 Scale Modification: Focuses on 50 as neutral (unlike traditional ±100)

📏 Default Length: 55 periods (optimal for medium-term trends)

2. 🎛️ Configuration Parameters
📏 CCI Length: Default 55 periods

📈 CCI MA Length: 30-period moving average

🔄 MA Type: 6 options (EMA, SMA, RMA, WMA, VWMA, HMA)

🎨 Color Themes: 5 visual schemes matching your other indicators

📈 Signal Interpretation:
🟢 BULLISH: CCI > 50 (price above statistical mean)

🔴 BEARISH: CCI < 50 (price below statistical mean)

👁️ Visual Features
📉 Chart Elements:
📊 Main CCI Line:

Shows raw CCI momentum

📈 Signal Line (CCI MA):

Yellow moving average of CCI

30-period default provides smoothed trend

🎨 Fill Zones:

🟢 Upper Zone : Bullish momentum area

🔴 Lower Zone : Bearish momentum area

📋 Dashboard Display:

Content: "⬆️ Bullish" or "⬇️ Bearish" indicator

Purpose: Instant market bias assessment

⚡ Trading Applications
📈 Primary Uses:
🎯 Trend Direction Identification

CCI > 50 = Uptrend momentum

CCI < 50 = Downtrend momentum

📊 Extreme Momentum Detection

CCI > 100 = Strong bullish (traditional)

CCI < -100 = Strong bearish (traditional)

CCI near ±300 = Extreme conditions

🔄 Mean Reversion Opportunities

Useful in ranging markets

🎯 Signal Types:
📈 Trend-Following: Stay long when CCI > 50, short when < 50

🔄 Mean Reversion: Fade extreme readings (>100 or <-100)

⚡ Crossover Signals: CCI crossing 50 provides entry/exit points

🎨 Customization Options
🔄 Moving Average Types:
📉 EMA: Exponential - responsive to recent CCI changes

📊 SMA: Simple - smooths CCI equally

📈 RMA: Relative - TradingView's special MA

⚖️ WMA: Weighted - emphasizes recent CCI values

💎 VWMA: Volume-weighted - incorporates volume indirectly

🚀 HMA: Hull - reduces lag on CCI signals

🎨 Visual Themes: (Consistent with your suite)
🎨 Classic: Green/Red (traditional)

🚀 Modern: Cyan/Purple (contemporary)

💪 Robust: Amber/Deep Purple (high contrast)

🌈 Accented: Purple/Magenta (vibrant)

⚫⚪ Monochrome: Light Gray/Dark Gray (minimalist)

🔔 Alert System
🟢 LONG Alert: Triggers when CCI > 50

🔴 SHORT Alert: Triggers when CCI < 50

📧 Format: Includes ticker symbol for portfolio tracking

⚡ Key Advantages
✅ Strengths:
🎯 Clear Centerline Focus: 50-level provides unambiguous trend direction

📊 Statistical Foundation: Based on mean deviation (more robust than simple oscillators)

👁️ Extreme Zone Visualization: ±300 boundaries show momentum extremes

🔄 Versatile Application: Works for both trend-following and mean reversion

📱 Professional Suite: Consistent design with your RSI and SMI indicators

⚡ Optimal Settings:
📈 Trending Markets: 55-period CCI (default)

🔄 Ranging Markets: Shorter periods (20-30)

📊 Volatile Markets: Longer periods (80-100)

📱 Day Trading: 20-period with EMA smoothing

🏆 Unique Features:
Statistical Rigor: Based on mean deviation (not just price differences)

Wide Range: ±300 scale captures extreme movements

Centerline Focus: Clear binary trend signals

Visual Harmony: Consistent with your indicator suite design

This CCI indicator provides a statistically robust approach to trend identification while maintaining the visual consistency and user-friendly design of your trading suite! 📊✨