RSI and CCI

Combined RSI and CCI Indicator for MetaTrader

The Combined RSI and CCI Indicator is a powerful hybrid momentum oscillator designed to merge the strengths of two popular indicators—the Relative Strength Index (RSI) and the Commodity Channel Index (CCI)—into a single, visually intuitive chart window. This tool enhances traders’ ability to identify overbought and oversold conditions, divergences, trend strength, and potential reversal zones with improved precision.

Purpose
By integrating RSI and CCI, this indicator helps filter out false signals that often occur when using each tool independently. It is especially useful for swing trading, trend confirmation, and spotting high-probability entry/exit zones. This dual-oscillator approach combines RSI’s relative momentum insights with CCI’s deviation-based analysis to produce a more reliable signal structure.

Key Features
Dual Oscillator Display: Plots both RSI and CCI on the same subwindow for easy comparison and correlation analysis.

Customizable Parameters:

RSI Period and Level (default: 14)

CCI Period and Typical Price Type (default: 20, TP)

Overbought/Oversold Levels for both indicators

Color-Coded Zones:

Background highlights when both RSI and CCI enter overbought/oversold territory, signaling high potential reversal zones.

Combined Signal Logic (Optional Feature):

Buy Signal: RSI < 30 and CCI < -100

Sell Signal: RSI > 70 and CCI > 100

These can be visualized as arrows or plotted as signal markers.

Trend Filter Overlay (Optional):

Can be combined with a moving average or price action filter to confirm trend direction before accepting signals.

Divergence Detection (Advanced Option):

Optional plotting of bullish or bearish divergence where both indicators diverge from price action.

Multi-Timeframe Compatibility:

Allows the use of higher timeframe RSI/CCI values to confirm signals on lower timeframes.

Benefits
Improved Signal Accuracy: Using both RSI and CCI together helps avoid false breakouts and whipsaws.

More Informed Decision-Making: Correlating momentum (RSI) with deviation (CCI) provides a well-rounded picture of market behavior.

Efficient Charting: Saves screen space and cognitive load by combining two indicators into one clean panel.

Scalable Strategy Integration: Can be used in discretionary trading or coded into automated strategies/alerts.

Use Case Example
In a ranging market, the indicator highlights zones where both RSI and CCI are oversold, alerting traders to potential bounce opportunities.

In trending markets, it confirms trend strength when RSI and CCI are both aligned with trend direction.

When RSI is diverging from price but CCI isn’t, it can be a clue of weakening momentum, helping traders scale out or avoid traps.

This combined indicator offers a versatile, high-performance toolset for traders looking to elevate their technical analysis by leveraging multiple momentum perspectives simultaneously.