MTF CCI
Multi-Time Frame (MTF) Commodity Channel Index (CCI) AFL in Amibroker assesses CCI across different time frames. Integrated with Amibroker data feed, this AFL provides traders with insights into potential trend reversals or continuations based on CCI signals from multiple time frames. By leveraging Amibroker data feed capabilities, MTF CCI aids traders in making more informed decisions by analyzing CCI across various time horizons.
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_SECTION_BEGIN("MTF CCI Ribbons");
Title = "";
TimeFrameSet(inDaily);
dCCI20 = CCI(20);
Daily_CCI_Color = IIf(dCCI20>35,colorBrightGreen,IIf(dCCI20<-35,colorRed,colorLightGrey));
TimeFrameRestore(); // restore time frame to original
TimeFrameSet(inHourly);
hCCI20 = CCI(20);
Hourly_CCI_Color = IIf(hCCI20>35,colorBrightGreen,IIf(hCCI20<-35,colorRed,colorLightGrey));
TimeFrameRestore(); // restore time frame to original
Plot(10, "", TimeFrameExpand(Daily_CCI_Color,inDaily), styleNoLabel | styleOwnScale | styleArea, -1,21);
Plot(11, "", colorBlack, styleNoLabel | styleOwnScale | styleThick | styleDashed, -1,21);
Plot(20, "", TimeFrameExpand(Hourly_CCI_Color,inHourly), styleNoLabel | styleOwnScale | styleArea, -1,21);
_SECTION_END();