Woodies CCI trading system

[prabuinet]

The latest version (Woodie_cci_2.1) seems to have lot of new things like chopzone, sidewinder with colors... where could I get the AFL for this?

 

[a.amar]

GREAT WORK, YOUR GENEROSITY HIGHLY APPRECIATED.
THANKS AGAIN.
Regards,

Amar

Hi Amar,
Thanks for ur comments.
I am using CCI on a 5 min Nifty charts with new smooth adaptive version which reduces false signals and whipsaws. I use previous days HLC levels and pivots along with CCI since first 2 hrs...Nifty just tests previos highs , lows and once europe opens it takes definite direction. Problems with woodies CCI are too many false signals and whipsaws if you just focus on patterns...it requires other trade criteria too like sidewinder and chipzone indicators for a good trade. I try to see pattern....check CZI and sidewinder and once the momentum sets in... be in a trade until momentum lasts.

see ur image with patterns written over it.

 

[prabuinet]

Hi, can anyone show me where I can study about entering and exiting based on range bars

 

[prabuinet]

I found some introduction about range-bars.. its interesting

http://www.futuresmag.com/Issues/20.../Time-is-relative-with-range-bars.aspx?page=1

 

[prabuinet]

So I think the woodie club is no longer trading with 3-min or 5-min charts.. They are using Range Bar charts.

 

[linkon7]

So I think the woodie club is no longer trading with 3-min or 5-min charts.. They are using Range Bar charts.

CCI is very prone to false signals as it measures the distance between the HCL/3 from a simple moving average... Range bars help in getting a fast exit and at the same time, during trendless phase, it does a better job of eliminating time...

 

[rajputz]

CCI is very prone to false signals as it measures the distance between the HCL/3 from a simple moving average... Range bars help in getting a fast exit and at the same time, during trendless phase, it does a better job of eliminating time...

Can you enlighten about it linkon sir

 

[prabuinet]

Linkon sir, which charting s/w supports range bars.. especially for our Indian markets?

 

[linkon7]

Linkon sir, which charting s/w supports range bars.. especially for our Indian markets?

Amibroker has range bars...
goto
tools... preferences...intraday tab...custom bars..
select range bars

 

[prabuinet]

Thanks Sir, Any idea how do we get the optimal Range for any given stock or future?