OPEN-SOURCE SCRIPT
RSI CCI Correlating Oscillator (RCCO) by empowerT
RCCO is pronounced "ree-koh" or "rico".
The RCCO is simply the plot of the values of both the RSI and CCI added together.
The RCCO makes some adjustments though, so that both the RSI and the CCI will fit correctly on the same scale - and so that these adjustments for scale allow reversals to be detected at crossings.
When the CCI crosses from underneath to up above the RSI, this is usually a bullish reversal. Alternatively, when the CCI crosses from above to back under the RSI, that usually signals a bearish trend. Look for the widest swings you can find to ensure good momentum. The larger the volume, the clearer and more decisive the trends. Low volume will lead to ranging and lazy momentum. High volume will create clear and forceful trends. The lowest negative RCCO in a timeframe, and then add some high volume... and you have yourself a good setup for a successful trade.
Because the RSI and CCI are adjusted, you may not recognize their values from having used the respective indicators on their own. The RSI and CCI values are less important. What matters with this indicator are the crossings and the RCCO value. The RCCO value should be negative, preferably, a deeply negative value. Look at the historical chart for the target per your selected timeframe and decide what values work for you.
I hope you enjoy the RCCO and that it can help you become a little más RICO!
The RCCO is simply the plot of the values of both the RSI and CCI added together.
The RCCO makes some adjustments though, so that both the RSI and the CCI will fit correctly on the same scale - and so that these adjustments for scale allow reversals to be detected at crossings.
When the CCI crosses from underneath to up above the RSI, this is usually a bullish reversal. Alternatively, when the CCI crosses from above to back under the RSI, that usually signals a bearish trend. Look for the widest swings you can find to ensure good momentum. The larger the volume, the clearer and more decisive the trends. Low volume will lead to ranging and lazy momentum. High volume will create clear and forceful trends. The lowest negative RCCO in a timeframe, and then add some high volume... and you have yourself a good setup for a successful trade.
Because the RSI and CCI are adjusted, you may not recognize their values from having used the respective indicators on their own. The RSI and CCI values are less important. What matters with this indicator are the crossings and the RCCO value. The RCCO value should be negative, preferably, a deeply negative value. Look at the historical chart for the target per your selected timeframe and decide what values work for you.
I hope you enjoy the RCCO and that it can help you become a little más RICO!
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開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。