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CCU MFI + RSI + STOCH RSI

Jun 10, 2020

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Volume BasedSignalsOscillators

The CCU MFI + RSI + STOCH RSI indicator is a momentum-based strategy tool designed to identify high-probability entry signals by looking for confluence across three primary oscillators when they reach extreme oversold or overbought conditions.

Usage

The tool is used to identify potential market reversals by monitoring the Money Flow Index (MFI), Relative Strength Index (RSI), and Stochastic RSI. A trade signal is generated when all components align:

  • Long Entry: Occurs when the MFI, RSI, and both the K and D lines of the Stochastic RSI are all below the selected threshold (oversold).
  • Short Entry: Occurs when the MFI, RSI, and both the K and D lines of the Stochastic RSI are all above the selected threshold (overbought).

Users can adjust the "Opportunity" setting to filter for different levels of stringency, which dictates how extreme the oscillator values must be before a signal is triggered.

Details

This implementation is based on the Crypto Crew University strategy, which emphasizes the convergence of multiple indicators to confirm trend exhaustion. Unlike single-oscillator strategies, this script requires unanimous agreement across volume-weighted momentum (MFI) and price-based momentum (RSI and Stochastic RSI). By default, the script includes automated strategy entries and exits (with a 20% protective stop loss) to demonstrate the timing of these signals on historical data.

Settings

Indicator Lengths

  • RSI Length: Determines the lookback period for the standard Relative Strength Index calculation.
  • MFI Length: Sets the lookback period for the Money Flow Index, which incorporates volume data.
  • Stoch RSI Smooth K: The smoothing factor for the K line of the Stochastic RSI.
  • Stoch RSI Smooth D: The smoothing factor for the D line (moving average of K).
  • Stoch RSI Length RSI: The lookback period for the RSI component within the Stochastic RSI calculation.
  • Stoch RSI Length Stoch: The lookback period for the Stochastic calculation applied to the RSI.

Strategy Configuration

  • Opportunity: Filters the signal sensitivity. "Okay" uses a threshold of 40/60, "Good" uses 30/70, and "Very Good" uses a strict 20/80 threshold for entries.

FAQ

How do I access the CCU MFI + RSI + STOCH RSI?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.

What is the difference between the "Opportunity" levels?

The levels adjust the trigger thresholds. "Very Good" requires all indicators to be below 20 for a long, making signals rarer but potentially higher quality, while "Okay" uses a threshold of 40.

Does this script include take-profit targets?

The strategy version includes a fixed 20% stop loss for demonstration, but users typically use Fibonacci levels or other price action targets for exits as per the original CCU methodology.

Free indicator

Get free access to this indicator on the platforms below.

TradingView
NinjaTrader
MetaTrader 4/5

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