INVITE-ONLY SCRIPT
Trader Set - Uni Renko MCCI
Updated
This is what Woodie calls MCCI, a band of moving averages.
The name MCCI means Moving Commodity Channel Index, although it's one of the rare woodies original indicators (shame on you woodie lol) he suggests that the relation between the bars or price with the bands are something like the movement of the CCI indicator. I can't accept that. For me, these bands have other usages that I teach to my students.
To use this, you should set your chart on Renko, Traditional with box size of 3.
Please, don't ask for access, only my students from my classes will have access to this indicator, at least for time being. If at any time in future I wish to sell, you will find the price and how to buy in the comments bellow.
The name MCCI means Moving Commodity Channel Index, although it's one of the rare woodies original indicators (shame on you woodie lol) he suggests that the relation between the bars or price with the bands are something like the movement of the CCI indicator. I can't accept that. For me, these bands have other usages that I teach to my students.
To use this, you should set your chart on Renko, Traditional with box size of 3.
Please, don't ask for access, only my students from my classes will have access to this indicator, at least for time being. If at any time in future I wish to sell, you will find the price and how to buy in the comments bellow.
Release Notes
- Changed the ticksize based on the same cooncept of our version of Uni Renko bars, eliminating the need for user input, this showed a serious bug we had in the previous formula (next item)- Completely changed the formula for calculating the band. Had a serious bug on forex markets. It's fixed and the behavior of the bands are much smoother now.
Release Notes
Fixed a small Issue, there was a slight problem with parabolic moves, that is fixed nowRelease Notes
THE HEADACHE of the system ! You would think this tool is a simple moving average with some multipliers being added on top of it to get the rest of the levels, well, dead wrong, it's a mimic of CCI, BUT ON THE CHART !Yah, this headache giving tool is FINALLY finished and finalized. Also, like many other updates today, tons of code cleaning and sanity checks for NAN values.
Release Notes
The HEAD ACHE !!!!! FINALLY !!!!! Right now, I feel like a stupid nerd, this tool is final, no more stupid inputs needed, added options to hide/show different levels.Release Notes
fixed a little param missingRelease Notes
THE HEAD ACHE !!! Code cleanup, Final Version. Now works only up to 60 minute time frame on Renko charts!Release Notes
Added the bar height multiplier because without setting it as the same with uni bar's one, the ratio would not "look" correct.Release Notes
I can't believe I'm saying this for MCCI, changed the default multiplier to 0.5 and tweaked the min value for it, THIS IS FINAL WOW !!!!Invite-only script
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