This indicator is one of the series of "experiments"

  • even though it is named CCI, it is not actually CCI

  • the calculating method is changed significantly compared to original CCI which make the usage as it is usual for classical version (via fixed levels) obsolete

  • for that reason a sort of dynamic levels are added (a sort of Donchian channel levels added)

  • basic types of averages can be used :

  • for main calculation

  • for price smoothing (as a possible method of signals filtering without significant lag addition)

Recommendations:

  • You can use the color changes as signals

Comparison :

  • An example why is it still called CCI. 
  • Upper is this indicator, lower is the classical CCI. 
  • Regardless of the completely different values produced, the relative values / slopes are very similar