CCI Trend/Direction Indicator - page 3
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I am not sure what is your question, but just a suggestion :respected "mladen's" is there meaning cross(combine) it miracle (code is not complete).
Using CCI to confirm trend
I looked for a thread under which to post this and this seemed the closest. The CCI indicator has sometimes been called a "predictor" because it sometimes moves in the new direction shortly before price does. It is my experience that there are too many false "predictions" to rely on this. Instead I use CCI for confirmation of trend or reversal. I do this by smoothing the CCI. I put CCI in a window giving it "none" for the color and a level of zero. Then I drag the LWMA of that indicator into the same window. When the LWMA (which is only what you see) crosses zero you have confirmation of the trend. Is it perfect? No. Is it very accurate? Yes. I use a CCI (5), and LWMA (4) of the CCI. I also set the window size from -135 to 135 for maximum effect. Perhaps some clever programmer has already done this (even with an alert) but, I haven't seen it. See the attached screen shot for example.
Happy trading,
gcgman
I am not sure what is your question, but just a suggestion :
it is simply overbought levels or oversold, noе more
options many....
I looked for a thread under which to post this and this seemed the closest. The CCI indicator has sometimes been called a "predictor" because it sometimes moves in the new direction shortly before price does. It is my experience that there are too many false "predictions" to rely on this. Instead I use CCI for confirmation of trend or reversal. I do this by smoothing the CCI. I put CCI in a window giving it "none" for the color and a level of zero. Then I drag the LWMA of that indicator into the same window. When the LWMA (which is only what you see) crosses zero you have confirmation of the trend. Is it perfect? No. Is it very accurate? Yes. I use a CCI (5), and LWMA (4) of the CCI. I also set the window size from -135 to 135 for maximum effect. Perhaps some clever programmer has already done this (even with an alert) but, I haven't seen it. See the attached screen shot for example.
Happy trading,
gcgman
for the analog is better to take iCMF
Yes, but WPR is never positive (hence that condition can never be true for those parameter values)
that's for sure, for this is the indicator CCI
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Read my previous post (added changed indicator you posted and an explanation).
all the best
that's for sure, for this is the indicator CCI
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Yes, but WPR is never positive (hence that condition can never be true for those parameter values). Attaching one with conditions changed and you will see that now you have green arrows on that chart too (those were never shown on the original indicator). That was a consequence of wrong conditions in the code from your post
it is simply overbought levels or oversold, noе more
Read my previous post (added changed indicator you posted and an explanation). all the best
Yes I know it, you can talk to you in a personal message?
i looked for a thread under which to post this and this seemed the closest. The cci indicator has sometimes been called a "predictor" because it sometimes moves in the new direction shortly before price does. It is my experience that there are too many false "predictions" to rely on this. Instead i use cci for confirmation of trend or reversal. I do this by smoothing the cci. I put cci in a window giving it "none" for the color and a level of zero. Then i drag the lwma of that indicator into the same window. When the lwma (which is only what you see) crosses zero you have confirmation of the trend. Is it perfect? No. Is it very accurate? Yes. I use a cci (5), and lwma (4) of the cci. I also set the window size from -135 to 135 for maximum effect. Perhaps some clever programmer has already done this (even with an alert) but, i haven't seen it. See the attached screen shot for example.
Happy trading,
gcgman
[attach=config]134346[/attach]Привет.lwma (4) индикатор можно выложить?
Translation anyone?
Привет.lwma (4) индикатор можно выложить?
Can anyone please translate this to English?
gcgman