Determining Buy/Sell Entries by Crossover of two CCI and Wave analysis by ATR.
My new Study CCIDivergence - based on divergence of CCI vs. price.
Sup all it is Snoop Here is a CCI script that does averages of the CCI with many types to choose from. It also has a few alert types which have titles that are pretty self descriptive. I use the alerts as 'once per bar on close'. Hope it helps you! xoxo Snoop
Buy: CCI changes directoion from pointing bottom to top CCI is below 20 line fast EMA is above slow EMA Sell: CCI changes to bottom CCI above 80 fast EMA is below slow EMA
Buy When CCI Cross -150 UP EMA Points UP Sell When CCI Cross 150 Down EMA Points Down
Buy when: CCI cross 20 UP RSI points Up Sell When: CCI cross 80 Down RSI Points Down
This is a requested update of this script. This is a standard CCI indicator that shows a coloured histogram of important CCI levels, giving a good visual of the CCI levels. Added to this version is an extra coloured level +/-200 and an option to calculate CCI with EMA instead of the standard SMA. CCI LEVELS: Light Green - Greater than 0 and less than 100. ...
It works with rebound from lowest and the bottom level (-100) CCI.
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, which...
Works good on 5 or 15min set to the 2hr or 4hr time frame. Set an alarm (Set an alert on each Long/Short "crossing down", 0.8 (or anything below 0.99), "on condition" ) Or just as a visual. Best to use other factors to confirm but most of the time it does a pretty decent job.
This is an updated and improved version of my "Price Action Trading strategy". I have added two extra optional filters, one is a trend direction filter based on the MACD slow EMA(17), blue line, and the other is a RSI(7) filter which works similarly to CCI(14) but slightly different dynamics (thank you to gianfranco60 for the suggestion). Also made a couple of...
Stoch CCI has a nicer divergence than Stoch RSI. Enjoy!
Stoch CCI has nicer divergences than Stoch RSI. Enjoy.
Here is an attempt to improve on the CCI using a volume weighted ema which is then plugged into the CCI formula. Use: The CCI with VW EMA is an oscillator that gives readings between -100 and +100. The usual use is to 'go long' with values over +100 and short on values less than -100. Another use of this oscillator is a countertrend indicator where one sells at...
UPDATE: added CCI to the list of oscilators.
This is a T3 CCI with a fast and slow line as well as extreme lines, a -15,15 filter to make zero line rejections and crosses more mechanical and help weed out whipsaw. I will probably update description in the future and get into more detail about how the indicator is used but for now if you want more info look up woodie CCI patterns :) Good Luck!!