In NimblrTA, CCI + BO is a common terminology used in Intra Day Trading
Whenever CCI enters into momentum and Breakout is confirmed. Momentum referred here is when decisive trended price action occurs that could give gains in lesser than normal time in the trade.
Primarily, CCI B means upside Buy Momentum. It signifies that CCI has just been greater than 100 and the stock is said to have entered a Buy Momentum. (Fig.1)
CCI S is down side Sell Momentum. It signifies that CCI has just been lesser than -100 and the stock is said to have entered a Sell Momentum. (Fig.2)
Any time it treads in between 100 to -100 as shown below pic. is termed as a Non-Momentum Zone and as such any stay in trade must be best avoided and money flow diverted to stocks with momentum. (Fig.3)
CCI crossovers by it self is not sufficient for intraday trades. Breakout (BO) must be accompanied a few candles earlier or later than the CCI crossing over +100 or below -100.
For intraday trading we use the Open Range of 15mins and its high as Open Range High and its low as Open Range Low. Breakout (B0) is therefore any price crossing above or below the High and Low.
Here are a few illustrations what a CCI B + BO and CCI S + BO looks like on charts.
A chart for CCI B + BO
Chart for CCI S + BO (Fig.5)