Woodies CCI trading system

Is Woodies CCI a leading indicator?


  • Total voters
    278

kkeskar92

Well-Known Member
Todays Nifty pic with a ghost pattern at 5420 on range bars with break of channel to downside for a target of 5400.

 

kkeskar92

Well-Known Member
Todays trade on Banknifty based on ZLR pattern and MA channel breakout.

Entry



Exit

 
Hi

I am going through the CCI DVD's

Can anyone explains 6 bars of CCI which confirms the trend.. I am not able to get it from the 2nd part of DVD.

Ity says 6 bars again and again.. I am not able to understand.

Thanks
Kaps
 

kkeskar92

Well-Known Member
Re: Range bar 1

MY Range bar set up look like this.where did I go wrong ?
The range bars for mt4 by wlas dont arrange past data into range bars...only live data. There is a commercial version for mt4 called s-constant range bars on a subscription basis.
Once the ticks start coming in...it arranges the data into range bars.
Range bars are free with ami or ninja.

The alternative is renko bars...the link is below where there is a file on 4shared that has all the indicators for the system.

http://www.traderji.com/advanced-tr...renko-ashi-trading-system-2-a.html#post438381

The chart with renko bars looks like this and its free.





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kkeskar92

Well-Known Member
Hi

I am going through the CCI DVD's

Can anyone explains 6 bars of CCI which confirms the trend.. I am not able to get it from the 2nd part of DVD.

Ity says 6 bars again and again.. I am not able to understand.

Thanks
Kaps
The price ramaining above zero line for 6th consecutive bars confimrs the trend. So CCI paints first 4 bars in gray, 5th in yellow and 6 th in red or blue means a trend is confirmed.

Its just that price once crosses moving average...if it stays for 6 bars...a new trend is said to develop.
 
The price ramaining above zero line for 6th consecutive bars confimrs the trend. So CCI paints first 4 bars in gray, 5th in yellow and 6 th in red or blue means a trend is confirmed.

Its just that price once crosses moving average...if it stays for 6 bars...a new trend is said to develop.
Hi kkeskar,

I have copied the three indicators.
I am not seeing the sidewinder and bottom brown lines...
What I am missing.. Heart V3 indicator is selected..

I am seeing the zero/100/200 lines along with chart, yellow line for change in signal..

Also, Is it possible to trade only with CCI signals as DVD says..I am analysing @ this point But would like to know how many traders just followed CCI.. no Bollinger bands etc

Thanks
Kaps
 

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