Page 36 of 54 FirstFirst ... 26 34 35 36 37 38 46 ... LastLast
Results 351 to 360 of 540
Like Tree74Likes

Requests and Raw Ideas

This is a discussion on Requests and Raw Ideas within the General Discussion forums, part of the Trading Forum category; Great thanks ND. Originally Posted by newdigital The Commodity Channel Index (CCI) measures deviations from the moving average while showing ...

      
   
  1. #351
    Senior Member
    Join Date
    Jul 2014
    Posts
    779
    Great thanks ND.

    Quote Originally Posted by newdigital View Post
    The Commodity Channel Index (CCI) measures deviations from the moving average while showing overbought and oversold conditions
    When CCI crosses up above the -100 line, a buy signal is generated
    Don’t get thrown off by the lengthy name “Commodity Channel Index” as it is not a new 24-hour cable broadcast devoted to pork bellies and soybeans; though you could use it to trade either of these. CCI is a popular indicator used by Forex traders to identify oversold and over bought conditions much in the same way that RSI or Stochastics is used. But instead of 30 and 70 representing oversold and overbought areas, CCI uses -100 and +100. Though Donald Lambert created CCI back in 1980 to identify cyclical turns in commodities it is very effective with currencies. By measuring the current price relative to the average price of a set period like 14, CCI is low during time prices are below their average and high when prices are above their average. This gives us the oversold and overbought regions.

    Why is this important you may ask? Well, it is simple. When we have a strong uptrend, the best place to buy is at price point where traders are no longer selling or selling pressure begins to subside. This is called being “oversold”. How do we know when something is oversold? This is a great question too! Forex traders have several tools and methods at their disposal to show them when prices have fallen too far too fast and when bargain hunters may step in sending prices higher. Candlestick pattern, oscillators and support/resistance levels are the primary tools. With CCI, Forex traders look to buy when CCI crosses above -100.

    Attachment 27280

    Similar to real estate investing, without the headache and a lot more fun, Forex traders want to buy the “worse house in the best neighborhood at the lowest price.” In our analogy, the best neighborhood is a strong trend; the “worse house” is the entry zone for our trade. Like the real estate investor, we look for the value of our holdings to increase over time. Since we have bought at a relatively low price, our risk is small relative to the potential gain. Unlike real estate fixer-uppers, Forex traders can forget remodeling as time and trend work to increase the value of the position

    Attachment 27281

    the source

  2. #352
    Administrator newdigital's Avatar
    Join Date
    Feb 2013
    Posts
    10,473
    Blog Entries
    2910
    Follow newdigital On Twitter Add newdigital on Facebook Add newdigital on Google+ Add newdigital on MySpace
    Add newdigital on Linkedin

    Commodity Channel Index (CCI) Forex Technical Analysis and CCI Forex Trading Signals

    The Commodity Channel Index measures the variation of a commodity price from its statistical mean/statistical average.
    This indicator is an oscillator which oscillates between high levels and low levels
    When the CCI is high it shows that price is unusually high compared to the its average.
    When the CCI is low it shows that price is unusually low compared to the its average.

    Requests and Raw Ideas-11111.png


    Forex Technical Analysis and Generating Forex Trading Signals

    1. Overbought/ Oversold Levels
    The CCI typically oscillates between ±100.
    Indicator values above +100 indicate an overbought conditions and an impending market correction.
    Indicator values below -100 indicate an oversold conditions and an impending market correction

    1.1. Buy Signal
    If the Commodity Channel Index is oversold, levels below -100, then there is a pending market correction.
    The oversold levels will remain intact until CCI starts to move above -100.
    When price starts moving above -100 then that is interpreted as a buy.
    The Commodity Channel buy signal should be combined with a trend line break signal to confirm the buy.

    Requests and Raw Ideas-22222.png


    1.2. Sell Signal
    If the Commodity Channel Index is overbought, levels above +100, then there is a pending market correction.
    The overbought levels will remain intact until CCI starts to move below +100.
    When price starts moving below +100 then that is a interpreted as sell.
    This Commodity Channel sell signal should be combined with a trend line break signal to confirm the sell.

    Requests and Raw Ideas-33333.png


    2. Divergence Trading

    2.1. Bullish Divergence

    Bullish divergence occurs when price is making new lows while the CCI is failing to surpass its previous low.
    This is a bullish signal because the divergence will be followed by an upward market correction.

    Requests and Raw Ideas-444444.png


    2.2. Bearish Divergence
    Bearish Divergence occurs when price is making new highs while the CCI is failing to surpass its previous high.
    This is a bearish signal because the divergence will be followed by a downward market correction.

    Requests and Raw Ideas-55555.png


    the source
    Stinkata likes this.
    Premium Trading Forum: subscription, public discussion and latest news
    Trading Forum wiki || MQL5 channel for the forum
    Trading blogs || My blog

  3. #353
    Junior Member
    Join Date
    Apr 2017
    Posts
    6
    Quote Originally Posted by igorad View Post
    Hi The Losser,

    Please check out the updated Lawgirl's Trend Display indicator which shows the candle direction for the listed symbols and timeframes.

    Attachment 26772

    Regards,
    Igor
    Hi Igorad

    Can you modified the indicator into the heiken ashi candle direction?

    Thanks in advance

  4. #354
    Senior Member
    Join Date
    Jul 2014
    Posts
    779
    Thanks ND for Details on CCI.

  5. #355
    Senior Member
    Join Date
    Jul 2014
    Posts
    779
    Hi Igor,

    Request to check this CCI ,it is giving compilation error.


    Quote Originally Posted by jagadish123 View Post
    Thanks ND for Details on CCI.
    Attached Files Attached Files

  6. #356
    Senior Member ape_epa's Avatar
    Join Date
    Nov 2014
    Location
    Padova(IT)
    Posts
    103
    Quote Originally Posted by jagadish123 View Post
    Hi Igor,

    Request to check this CCI ,it is giving compilation error.
    Enjoy it! :-)
    Attached Files Attached Files

  7. #357
    Senior Member matfx's Avatar
    Join Date
    Sep 2013
    Location
    Malaysia
    Posts
    1,178
    Blog Entries
    114
    Follow matfx On Twitter
    It's time to upload more CCI indi to the forums.

  8. #358
    Junior Member
    Join Date
    May 2013
    Posts
    25
    Dear Igor and ND,

    Is it possible for you to create a bollinger band indicator based on attached indicator?
    So the Bollinger will be smoothed by kalman indicator instead of SMA?Thanks
    Attached Files Attached Files

  9. #359
    igorad
    Guest
    Quote Originally Posted by Tovim View Post
    Dear Igor and ND,

    Is it possible for you to create a bollinger band indicator based on attached indicator?
    So the Bollinger will be smoothed by kalman indicator instead of SMA?Thanks

    Hi Tovim,

    Please take a look the NonLinearKalmanBBands_v1.0 600+ indicator which I posted in the John Ehlers Toolbox thread.


    Regards,
    Igor

  10. #360
    Junior Member
    Join Date
    May 2013
    Posts
    25
    Thank you Igor,

    Much appreciated.

Page 36 of 54 FirstFirst ... 26 34 35 36 37 38 46 ... LastLast

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •