Woodies CCI is a Commodity Channel Index-based system developed by Ken Woods. The main principle of this system is that the price moves in the direction of CCI. Some traders use the indicator to spot a number of tradable CCI patterns both with and against the trend. Woodies CCI (SafeDay) is used to identify the zero line rejection, turbo line and CCI line break...
As always, this is not financial advice and use at your own risk. Trading is risky and can cost you significant sums of money if you are not careful. Make sure you always have a proper entry and exit plan that includes defining your risk before you enter a trade. Ken Wood is a semi-famous trader that grew in popularity in the 1990s and early 2000s due to the...
Based on Changes: - red bars removed and replaced by silver ones - yellow bar (start of new trend) had been added - more parameters can be set in settings dialogue (SW constants as well)
Excelente indicador a mi parecer, bastante complejo pero muy bien acoplado; dejo aquí las fuentes para aprender a utilizarlo: www.x-trader.net www.x-trader.net www.x-trader.net www.x-trader.net
Script draws CCI34 30 min on 5 min chart.30 min kine changes color based on CCI 34 30 min +100/-100.
Simply input the vales of the high, low and closing price of the previous period to calculate the Woodie pivot point and the associated resistance and support levels for the present period.
If( MDI(14)>40 AND ADX(14)>40 AND PDI(14)<15 AND RSI(14)<30,1,0) ;If( MDI(14)<15 AND ADX(14)<15 AND PDI(14)>40 AND RSI(14)>70,-1,0)
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!!
idem "woodie cci" script whit line 200 and -200