CCI OBOS Crossover signal indicator applies Overbought/Oversold (OBOS) and standard CCI indicators. The indicator places signal labels to the price chart when crossing these indicator lines.
There are five inputs:
OBOS period – OBOS calculation period
CCI period – CCI calculation period
Use OB/OS filter – use the filter by overbought/oversold levels (Yes/No)
Overbought – overbought level
Oversold – oversold level
Signals:
When crossing the Up OBOS line by CCI upwards, the green label is placed on the candle open price
When crossing the Up OBOS line by CCI downwards, the red label is placed on the candle open price
Filter:
If Down OBOS line is below the oversold level, only buy labels are placed
If Up OBOS line exceeds the overbought level, only sell labels are placed
