CCI Upper Bands for ThinkorSwim

[chewie76]

This is the CCI on the upper chart using 100 and 150 levels as bands. I like the 8 period length, but adjust as you see fit. Below is the SPX on a 5 minute chart. Color bars can be turned off in the settings. You can also turn off the bands in the settings.

#-----------------------------------------------
# CCI Upper Chart Bands Indicator
# Shows price bands corresponding to CCI = +150/+100/0/-100/-150
# Assembled by Chewie 10/2025
#-----------------------------------------------

input colorbar = yes;
input length = 8;
input first = yes;
input second = yes;
input price = close;

# --- CCI Levels ---
input cciHigh = 100;
input cciLow = -100;
input cciHigh2 = 150;
input cciLow2 = -150;
input cciMid = 0;

#-----------------------------------------------
# Core CCI and Derived Bands
#-----------------------------------------------
def mean = Average(price, length);
def dev = Average(AbsValue(price - mean), length);

# Convert CCI levels into price levels
def bandHigh  = mean + cciHigh  * 0.015 * dev;
def bandLow   = mean + cciLow   * 0.015 * dev;
def bandHigh2 = mean + cciHigh2 * 0.015 * dev;
def bandLow2  = mean + cciLow2  * 0.015 * dev;
def bandMid   = mean + cciMid   * 0.015 * dev;

#-----------------------------------------------
# Plot CCI Price Bands
#-----------------------------------------------
plot CCIu  = if first then bandHigh  else Double.NaN;
plot CCId  = if first then bandLow   else Double.NaN;
plot CCIu2 = if second then bandHigh2 else Double.NaN;
plot CCId2 = if second then bandLow2  else Double.NaN;
plot CCIm  = bandMid;

CCIu.SetDefaultColor(Color.DARK_RED);
CCId.SetDefaultColor(Color.DARK_GREEN);
CCIu2.SetDefaultColor(Color.RED);
CCId2.SetDefaultColor(Color.GREEN);
CCIm.SetDefaultColor(Color.YELLOW);

#-----------------------------------------------
#  Clouds between Bands
#-----------------------------------------------
AddCloud(CCIu2, CCIu, Color.DARK_RED, Color.DARK_RED);
AddCloud(CCId, CCId2, Color.DARK_GREEN, Color.DARK_GREEN);


#-----------------------------------------------
# Optional Bar Coloring by CCI Level
#-----------------------------------------------
def CCI = if dev != 0 then (price - mean) / (0.015 * dev) else 0;

AssignPriceColor(
    if !colorbar then Color.CURRENT
    else if CCI >= cciHigh2 then Color.RED
    else if CCI >= cciHigh then Color.DARK_RED
    else if CCI <= cciLow2 then Color.GREEN
    else if CCI <= cciLow then Color.DARK_GREEN
    else Color.gray);

# END CODE

 

[antwerks]

How to Read It

• When price touches or breaks above the +150 (red) band → strong upside momentum or potential exhaustion.
• When price touches or breaks below the –150 (green) band → strong downside momentum or potential exhaustion.
• The yellow midline (0 CCI) is your mean reversion anchor.
• The clouds between ±100/±150 bands show momentum zones:
  • Red cloud above = overbought/momentum expansion zone.
  • Green cloud below = oversold/momentum expansion zone.

Trading Ideas and Tactics
1. Mean Reversion Trades
This is the classic way to use CCI-type bands.

• Setup:
  • Price extends into red (above +100 or +150) or green (below –100 or –150) cloud.
  • Wait for a rejection candle or cross back inside the cloud.
• Trade:
  • Short after a rejection from the red zone.
  • Long after a rejection from the green zone.
• Exit: at the yellow midline (mean level).
  This approach assumes the move is overextended and due to revert.

2. Momentum Continuation Trades
If you prefer trend trading:

• Setup:
  • Price closes above +150 with rising volume → breakout continuation.
  • Price closes below –150 → breakdown continuation.
• Trade:
  • Enter with the direction of the move (buy strength, short weakness).
  • Place stop-loss just inside the ±100 band.
• Exit: when price crosses back into the neutral (gray) zone or hits the opposite ±100 band.

This approach assumes the move is expanding volatility, not reverting.

3. Confluence Trading (Best Practice)
Combine this CCI Bands indicator with:

• Trend filter (e.g., 21 EMA or VWAP) — only take longs above it, shorts below it.
• Volume confirmation — look for expansion as price exits ±100 zones.
• Momentum tools — like RSI or MACD confirming direction.

That helps you distinguish trend continuation from false reversals.

Quick Reference Table

Signal Type	Zone	Bias	Entry Trigger	Exit Target
Overbought reversal	Above +100/+150	Bearish	Close back below band	Midline
Oversold reversal	Below –100/–150	Bullish	Close back above band	Midline
Bullish breakout	Above +150	Bullish	Strong close + volume	Pullback or –100 band
Bearish breakout	Below –150	Bearish	Strong close + volume	Pullback or +100 band

 

[antwerks]

This is the CCI on the upper chart using 100 and 150 levels as bands. I like the 8 period length, but adjust as you see fit. Below is the SPX on a 5 minute chart. Color bars can be turned off in the settings. You can also turn off the bands in the settings.

View attachment 25920

#-----------------------------------------------
# CCI Upper Chart Bands Indicator
# Shows price bands corresponding to CCI = +150/+100/0/-100/-150
# Assembled by Chewie 10/2025
#-----------------------------------------------

input colorbar = yes;
input length = 8;
input first = yes;
input second = yes;
input price = close;

# --- CCI Levels ---
input cciHigh = 100;
input cciLow = -100;
input cciHigh2 = 150;
input cciLow2 = -150;
input cciMid = 0;

#-----------------------------------------------
# Core CCI and Derived Bands
#-----------------------------------------------
def mean = Average(price, length);
def dev = Average(AbsValue(price - mean), length);

# Convert CCI levels into price levels
def bandHigh  = mean + cciHigh  * 0.015 * dev;
def bandLow   = mean + cciLow   * 0.015 * dev;
def bandHigh2 = mean + cciHigh2 * 0.015 * dev;
def bandLow2  = mean + cciLow2  * 0.015 * dev;
def bandMid   = mean + cciMid   * 0.015 * dev;

#-----------------------------------------------
# Plot CCI Price Bands
#-----------------------------------------------
plot CCIu  = if first then bandHigh  else Double.NaN;
plot CCId  = if first then bandLow   else Double.NaN;
plot CCIu2 = if second then bandHigh2 else Double.NaN;
plot CCId2 = if second then bandLow2  else Double.NaN;
plot CCIm  = bandMid;

CCIu.SetDefaultColor(Color.DARK_RED);
CCId.SetDefaultColor(Color.DARK_GREEN);
CCIu2.SetDefaultColor(Color.RED);
CCId2.SetDefaultColor(Color.GREEN);
CCIm.SetDefaultColor(Color.YELLOW);

#-----------------------------------------------
#  Clouds between Bands
#-----------------------------------------------
AddCloud(CCIu2, CCIu, Color.DARK_RED, Color.DARK_RED);
AddCloud(CCId, CCId2, Color.DARK_GREEN, Color.DARK_GREEN);


#-----------------------------------------------
# Optional Bar Coloring by CCI Level
#-----------------------------------------------
def CCI = if dev != 0 then (price - mean) / (0.015 * dev) else 0;

AssignPriceColor(
    if !colorbar then Color.CURRENT
    else if CCI >= cciHigh2 then Color.RED
    else if CCI >= cciHigh then Color.DARK_RED
    else if CCI <= cciLow2 then Color.GREEN
    else if CCI <= cciLow then Color.DARK_GREEN
    else Color.gray);

# END CODE

Here is a scanner for bullish stocks meeting the CCI_Bands extreme conditions
https://tos.mx/!RL4gOif9