Program 9 | A smoothed, low-lag Commodity Channel Index (CCI) indicator

Program 9 is a smoothed, low-lag Commodity Channel Index (CCI) TradeStation EasyLanguage indicator. The following images show the smoothed Markplex CCI indicator, compared with the CCI indicator supplied with TradeStation.

Zig zag conflux applied to 5 minute IBM chart

Program 9 applied to a 5 minute @ES chart. The upper plot is the Markplex smoothed CCI and the lower plot is the standard TradeStation plot. In this example the smoothing length is set at 14.

The amount of lag depends on the smoothing factor applied. In the next image the SmoothLength is reduced to 9, reducing the lag but still retaining a smoother plot.

Zig zag conflux applied to 5 minute IBM chart

Program 9 applied to a 5 minute @ES chart. The upper plot is the Markplex smoothed CCI and the lower plot is the standard TradeStation plot. In this example the smoothing length is set at 9. Notice the low lag.

The program also includes the option to look for divergence between price and the smoothed CCI plot. If a divergence is detected, a line is drawn under the price pivots. See the following image.

Zig zag conflux applied to 5 minute IBM chart

Program 9 applied to a 5 minute @ES chart. The red lines drawn under the price action indicate a possible divergence between price action and the smoothed Markplex CCI indicator.

See a video demonstration below.

This protected program (i.e. the TradeStation EasyLanguage indicator) is available for immediate download for $44.95 by clicking the ‘add to cart’ button to pay using credit card or PayPal. The program is also available for MultiCharts. Please select the version you need.

File type :

The program was developed in Tradestation 8.7 and works on intraday, daily, weekly, and monthly charts.

See the video below for more information.

User inputs

ShowLines( TRUE ), // If TRUE draws lines to illustrate potential divergences

LowerLine( -100 ), // Used to draw horizontal line at the user input level

UpperLine( 100 ), // Used to draw horizontal line at the user input level

CCIColor( DarkGray ), // If ‘legacy’ CCI drawn, specify its color

ShowRegularCCI( TRUE ), // If TRUE ‘legacy’ CCI drawn

CCIFastColor( Red ), // Color of fast smoothed CCI

SmoothCCIColor( Cyan ), // Color of smoothed CCI

HorizLines( DarkGray ), // Color of horizontal lines

CCILength( 14 ), // CCI length

FastLength( 6 ), // Length of ‘fast’ CCI

SmoothLength( 14 ), // Factor used to smooth CCI

FastSmoothLength( 14 ), // Factor used to smooth fast CCI

Length ( 20 ), // Lookback length when looking for pivots (used to find divergences)

LeftStrength( 3 ), // Left strength of pivots

RightStrength( 1 ), //Right strength of pivots

BarTol( 3 ), // The number of bars within which the price and CCI pivot must occur for the pivots to be considered to have occurred at the same time

PriceL( Low ), // Price used to find low pivots

PriceH( High ); // Price used to find high pivots

TO THE BEST OF MARKPLEX CORPORATION’S KNOWLEDGE, ALL OF THE INFORMATION ON THIS PAGE IS CORRECT, AND IT IS PROVIDED IN THE HOPE THAT IT WILL BE USEFUL. HOWEVER, MARKPLEX CORPORATION ASSUMES NO LIABILITY FOR ANY DAMAGES, DIRECT OR OTHERWISE, RESULTING FROM THE USE OF THIS INFORMATION AND/OR PROGRAM(S) DESCRIBED, AND NO WARRANTY IS MADE REGARDING ITS ACCURACY OR COMPLETENESS. USE OF THIS INFORMATION AND/OR PROGRAMS DESCRIBED IS AT YOUR OWN RISK.

ANY EASYLANGUAGE OR POWERLANGUAGE TRADING STRATEGIES, SIGNALS, STUDIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, FUNCTIONS (AND PARTS THEREOF) AND ASSOCIATED TECHNIQUES REFERRED TO, INCLUDED IN OR ATTACHED TO THIS TUTORIAL OR PROGRAM DESCRIPTION ARE EXAMPLES ONLY, AND HAVE BEEN INCLUDED SOLELY FOR EDUCATIONAL PURPOSES. MARKPLEX CORPORATION. DOES NOT RECOMMEND THAT YOU USE ANY SUCH TRADING STRATEGIES, SIGNALS, STUDIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, FUNCTIONS (OR ANY PARTS THEREOF) OR TECHNIQUES. THE USE OF ANY SUCH TRADING STRATEGIES, SIGNALS, STUDIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, FUNCTIONS AND TECHNIQUES DOES NOT GUARANTEE THAT YOU WILL MAKE PROFITS, INCREASE PROFITS, OR MINIMIZE LOSSES.

This protected program (i.e. the TradeStation EasyLanguage indicator) is available for immediate download for $44.95 by clicking the ‘add to cart’ button to pay using credit card or PayPal. The program is also available for MultiCharts. Please select the version you need.

File type :

The program was developed in TradeStation 8.7 and works on intraday, daily, weekly, and monthly charts.

To install and use in MultiCharts, download the program and save it to your disk, then open the MultiCharts PowerLanguage Editor and click File then Import Read-Only, select the file (_program9.sef), click ok. You should then be able to insert the study on to a chart in MultiCharts.

Video demonstration of Program 9

This protected program (i.e. the TradeStation EasyLanguage indicator) is available for immediate download for $44.95 by clicking the ‘add to cart’ button to pay using credit card or PayPal. The program is also available for MultiCharts. Please select the version you need.

File type :

The program is ‘protected,’ (or ‘read-only’ in the case of the MultiCharts version) in other words, you will not be able to see and edit the source code, but you will be able to apply it to a chart and modify the inputs.

Please email any bugs that you may discover to support@markplex.com.

TO THE BEST OF MARKPLEX CORPORATION’S KNOWLEDGE, ALL OF THE INFORMATION ON THIS PAGE IS CORRECT, AND IT IS PROVIDED IN THE HOPE THAT IT WILL BE USEFUL. HOWEVER, MARKPLEX CORPORATION ASSUMES NO LIABILITY FOR ANY DAMAGES, DIRECT OR OTHERWISE, RESULTING FROM THE USE OF THIS INFORMATION AND/OR PROGRAM(S) DESCRIBED, AND NO WARRANTY IS MADE REGARDING ITS ACCURACY OR COMPLETENESS. USE OF THIS INFORMATION AND/OR PROGRAMS DESCRIBED IS AT YOUR OWN RISK.

ANY EASYLANGUAGE OR POWERLANGUAGE TRADING STRATEGIES, SIGNALS, STUDIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, FUNCTIONS (AND PARTS THEREOF) AND ASSOCIATED TECHNIQUES REFERRED TO, INCLUDED IN OR ATTACHED TO THIS TUTORIAL OR PROGRAM DESCRIPTION ARE EXAMPLES ONLY, AND HAVE BEEN INCLUDED SOLELY FOR EDUCATIONAL PURPOSES. MARKPLEX CORPORATION. DOES NOT RECOMMEND THAT YOU USE ANY SUCH TRADING STRATEGIES, SIGNALS, STUDIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, FUNCTIONS (OR ANY PARTS THEREOF) OR TECHNIQUES. THE USE OF ANY SUCH TRADING STRATEGIES, SIGNALS, STUDIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, FUNCTIONS AND TECHNIQUES DOES NOT GUARANTEE THAT YOU WILL MAKE PROFITS, INCREASE PROFITS, OR MINIMIZE LOSSES.

Disclaimer The information, materials, products and services on this Web site are made available subject to the following terms and conditions. Markplex Corporation reserves the right to change these terms and conditions at its sole discretion. This Web site and any downloads, videos, tutorials, programs and information contained herein is presented solely for educational, informational, and/or entertainment use and under no circumstances should be used for actual trading. We at Markplex Corporation are not Broker/Dealers, Financial Advisers or Registered Analysts. No offer or solicitation to buy or sell securities, securities derivatives, futures products or off-exchange foreign currency (forex) transactions of any kind, or any type of trading or investment advice, recommendation or strategy, is made, given or in any manner endorsed by Markplex Corporation. You are fully responsible for any investment or trading decisions you make. Futures and options trading has a large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. This Web site is neither a solicitation nor an offer to buy and/or sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this Web site. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. No warranties of profitability are being made or given. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options futures or forex); therefore, you should not invest or risk money that you cannot afford to lose. CFTC RULE 4.41 - Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Screen shots on this site are examples and are not meant to imply that any of the programs or tutorials available on this Web site will generate profitable trades. EasyLanguage or PowerLanguage trading strategies, signals, studies, indicators, showme studies, paintbar studies, probabilitymap studies, activitybar studies, functions (and parts thereof) and associated techniques referred to, included in or attached to this tutorial or program description are examples only, and have been included solely for educational, informational, and entertainment use. Markplex Corporation does not recommend that you use any such trading strategies, signals, studies, indicators, showme studies, paintbar studies, probabilitymap studies, activitybar studies, functions (or any parts thereof) or techniques. The use of any such trading strategies, signals, studies, indicators, showme studies, paintbar studies, probabilitymap studies, activitybar studies, functions and techniques does not guarantee that you will make profits, increase profits, or minimize losses. Markplex Corporation assumes no liability for any damages, direct or otherwise, resulting from the use of this information and/or program(s) described, and no warranty is made regarding its accuracy or completeness. Use of this Web site including the information, tutorials and/or programs included on it is at your own risk. You shall indemnify and hold Markplex Corporation harmless from any and all liability, loss, trading losses, costs, damage, or expense, including attorneys' fees you or third party may suffer (other than damage to your tangible property or injuries to employees occurring during the course of work) as a result of claims, demands, costs, or judgments arising out of third party and any other claims based on Markplex Corporation's performance, including, but not limited to losses resulting from the use of Markplex Corporation developed software, programs, web sites, tutorials, or the TradeStation charting and/or trading platform. Any testimonials on this Web site may not be representative of the experience of other clients and are not indicative of future results or success.
This Web site contains or may contain references and links to other companies and/or their Web sites, none of which is under the control of Markplex Corporation. Markplex Corporation makes no representations, warranties or endorsements whatsoever about any other Web sites to which you may have access through the Markplex Corporation Web site, or any products or services of those other companies, even if the products or services of those other companies or their Web sites are described or offered on the Markplex Corporation Web site or integrated with Markplex Corporation's products or services. TradeStation®, EasyLanguage® and PowerEditor® are registered trademarks of TradeStation Technologies, Inc. Other brand and product names which appear on this site are the trademarks or service marks of their respective owners, including: Microsoft® is a registered trademark in the United States Microsoft®Excel® is a registered trademark of Microsoft® Neither TradeStation Technologies nor any of its affiliates has reviewed, certified, endorsed, approved, disapproved or recommended, and neither does or will review, certify, endorse, approve, disapprove or recommend, any product or service that offers training, education or consulting regarding the use of EasyLanguage.

By continuing to use and navigate our sites, services, applications, tools or messaging, you are agreeing to our Terms and Conditions and the use of cookies, web beacons and similar technologies as described in our Privacy Policy and Privacy Policy on the use of cookies.