This very simple indicator will give you a blue background where the CCI crossed from below -100 to above -100, and a red background where it crossed from above 100 to below 100.
The Commodity Channel Index (CCI) is best used with markets that display cyclical or
seasonal characteristics, and is formulated to detect the beginning and ending of these
cycles by incorporating a moving average together with a divisor that reflects both possible
and actual trading ranges. The final index measures the deviation from normal,...