The indicator adds signal marks to a price chart when the CCI indicator crosses its zero line. If CCI crosses the zero line upwards, a dot is added below the candlestick, if downwards the dot is above the candlestick.
The indicator has three input parameters:
- CCI period – CCI indicator parameter;
- CCI applied price – price used for CCI calculation;
- MA period – period of the moving average for the calculation of the distance from the candlestick’s High or Low to placing signal marks.