Interesting cci
I found this on a site
Was in russian, so some bit of translation
rebound from the zero line" (ZLR)"is the strong rebound OF THE CCI from zero line (ZL) or from the level,// being been located is close to it. With this CCI can jump aside from// the values in the limits from +100 to -100 both for the long,// and for the short positions. Some traders love to narrow// range to + -50, considering that it can ensure the best// rebound. Position is opened on the first bar, which is slanted// or jumps aside from the zero line// market psychology in the use of pattern ZLR by the system// Woodies OF THE CCI lies in the fact that this pattern makes possible for traders// to buy with the drop and to sell on the rise. None of// the indicators, utilized with the trade, can this make,// except CCI.// for the larger effectiveness in order to strengthen signal to the entrance,// you can combine the use of pattern ZLR with the pattern// the "breakdown of the line of trend (TLB)". With use ZLR together// with TLB for the discovery of position you await the intersection with the curve OF THE CCI// pattern TLB. trade with the use of a pattern// ZLR - trade on the trend. Actually this method of trade// can be the sole commercial pattern of system Woodies OF THE CCI,// which is used by a trader, giving in this case excellent// profit// ---- delta=20; //the filter of beating (|SS.I[Y]-SS.I[2]| delta) level=80; //the module of the boundary of paterna ZlrBuffer[.shift]=.EMPTY_.VALUE; //---- ZLR in the descending trend if (DN = 6 && slowccccI[0 ] delta) {ZlrBuffer[.shift]=.High[.shift]+.upnt*.Point; upnt=.upnt+5; }// ZLR in the ascending trend if (up = 6 && slowccccI[0 ] slowccccI[1 ] && slowccccI[2 ] slowccccI[1 ] && MathAbs(.slowccccI[0 ]) delta) {ZlrBuffer[.shift]=.Low[.shift]-.dpnt*.Point; dpnt=.dpnt+5; } / //pattern № 2 - To shamu (shamu trade)// of -----------------------------------------------------------// pattern "shamu (shamu trade)" is formed, when THE CCI intersects// zero line (ZL), then it is turned back and again// intersects zero line (ZL) in the opposite direction,// then again is turned and intersects zero line,// continuing motion in the initial direction// this - the form of zigzag pattern around ZL.// it does not compulsorily appear directly on the zero line,// but the best patterns To shamu are formed with the appearance of zigzag// THE CCI in the limits of values + -50.// commercial pattern To shamu - this is the unsuccessful pattern ZLR.// Initially this was pattern ZLR. but ZLR it unrolled in// opposite direction and it were not formed, so that we// must leave. This is why you do not await turn in the hope for that,// that trade will return to the necessary river bed. If in all these commercial// cases you originally open position on pattern ZLR,// first it depends on you, and if you in time did not leave, then can sustain// potentially large losses// trade with the use of a pattern To shamu - in the essence is// protivotrendovoy, and was developed as the method of trade according to the principle// stop-Andes- reverse (SAR) to that being unsuccessful ZLR. novices, only// begun to study system Woodies OF THE CCI, must not use// this method of trade. However, you will focus on it attention and// study in proportion to advance in the mastery of system.
1. Zero-line Reject (ZLR) -- trend
2. Shamu Trade -- counter
3. Trend Line Break (TLB/HTLB) -- both
4. Vegas Trade (VT) -- counter
5. Ghost Trade -- counter
6. Reverse Divergence -- trend
7. Hook from Extremes (HFE) -- counter
8. Exit signalsIs this not the same Double_Woodies_CCI we are using?
Is this not the same Double_Woodies_CCI we are using?
Doesn't seem to be anything like it gives signals according to the 1-8 info on the main chart
Is this not the same Double_Woodies_CCI we are using? Doesn't seem to be anything like it gives signals according to the 1-8 info on the main chart
It is the same one, but it is also available as the WCCI_Pattern_Recognition.
It is a good tool to help you understand the CCI if you are using it for the first time and trying to learn Woodie's terminology. (I should have been more explicit in my first reply, sorry.)
q
Question: what do these numbers in the indicator mean. What signals every number from 1 to 7?How to interpret them ?
10x beforehand!
Question: what do these numbers in the indicator mean. What signals every number from 1 to 7?How to interpret them ? 10x beforehand!
This might help
It is the same one, but it is also available as the WCCI_Pattern_Recognition. It is a good tool to help you understand the CCI if you are using it for the first time and trying to learn Woodie's terminology. (I should have been more explicit in my first reply, sorry.)
Thanks ValeoFX you are right
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I found this on a site
Was in russian, so some bit of translation
rebound from the zero line" (ZLR)"is the strong rebound OF THE CCI from zero line (ZL) or from the level,// being been located is close to it. With this CCI can jump aside from// the values in the limits from +100 to -100 both for the long,// and for the short positions. Some traders love to narrow// range to + -50, considering that it can ensure the best// rebound. Position is opened on the first bar, which is slanted// or jumps aside from the zero line// market psychology in the use of pattern ZLR by the system// Woodies OF THE CCI lies in the fact that this pattern makes possible for traders// to buy with the drop and to sell on the rise. None of// the indicators, utilized with the trade, can this make,// except CCI.// for the larger effectiveness in order to strengthen signal to the entrance,// you can combine the use of pattern ZLR with the pattern// the "breakdown of the line of trend (TLB)". With use ZLR together// with TLB for the discovery of position you await the intersection with the curve OF THE CCI// pattern TLB. trade with the use of a pattern// ZLR - trade on the trend. Actually this method of trade// can be the sole commercial pattern of system Woodies OF THE CCI,// which is used by a trader, giving in this case excellent// profit// ---- delta=20; //the filter of beating (|SS.I[Y]-SS.I[2]| delta) level=80; //the module of the boundary of paterna ZlrBuffer[.shift]=.EMPTY_.VALUE; //---- ZLR in the descending trend if (DN = 6 && slowccccI[0 ] delta) {ZlrBuffer[.shift]=.High[.shift]+.upnt*.Point; upnt=.upnt+5; }// ZLR in the ascending trend if (up = 6 && slowccccI[0 ] slowccccI[1 ] && slowccccI[2 ] slowccccI[1 ] && MathAbs(.slowccccI[0 ]) delta) {ZlrBuffer[.shift]=.Low[.shift]-.dpnt*.Point; dpnt=.dpnt+5; } / //pattern № 2 - To shamu (shamu trade)// of -----------------------------------------------------------// pattern "shamu (shamu trade)" is formed, when THE CCI intersects// zero line (ZL), then it is turned back and again// intersects zero line (ZL) in the opposite direction,// then again is turned and intersects zero line,// continuing motion in the initial direction// this - the form of zigzag pattern around ZL.// it does not compulsorily appear directly on the zero line,// but the best patterns To shamu are formed with the appearance of zigzag// THE CCI in the limits of values + -50.// commercial pattern To shamu - this is the unsuccessful pattern ZLR.// Initially this was pattern ZLR. but ZLR it unrolled in// opposite direction and it were not formed, so that we// must leave. This is why you do not await turn in the hope for that,// that trade will return to the necessary river bed. If in all these commercial// cases you originally open position on pattern ZLR,// first it depends on you, and if you in time did not leave, then can sustain// potentially large losses// trade with the use of a pattern To shamu - in the essence is// protivotrendovoy, and was developed as the method of trade according to the principle// stop-Andes- reverse (SAR) to that being unsuccessful ZLR. novices, only// begun to study system Woodies OF THE CCI, must not use// this method of trade. However, you will focus on it attention and// study in proportion to advance in the mastery of system.
1. Zero-line Reject (ZLR) -- trend
2. Shamu Trade -- counter
3. Trend Line Break (TLB/HTLB) -- both
4. Vegas Trade (VT) -- counter
5. Ghost Trade -- counter
6. Reverse Divergence -- trend
7. Hook from Extremes (HFE) -- counter
8. Exit signals