CCI pivot zones (EasyLanguage)

March 25th, 2010, 11:10 PM

Here is another EasyLanguage indicator I wrote. The premise behind this indicator is to capture the overbought and oversold conditions of CCI, and then draw trend lines on the chart representative of the turning points.

It is designed for Range or Renko charts only.

Here are a few example screen shots:

[IMG]https://nexusfi.com/v/egeerf.png[/IMG]

[IMG]https://nexusfi.com/v/v57a3b.png[/IMG]

[IMG]https://nexusfi.com/v/tq3wes.png[/IMG]

The lines are drawn in realtime and do not change. They are drawn as soon as a bar closes where the CCI has pivoted to/from an overbought/oversold area, so you get instant feedback.

The idea is the top (resistance / blue) represents the top of the normal trading range. Price will normally bounce off this resistance area and move lower. The bottom (support / red) represents the bottom of the normal trading range. Price will normally bounce off this support area and move higher.

When price does break through either S/R area, it tends to make new highs and lows (ie: breakout).

Attached is the MultiCharts .pla file to import.

Below is the EasyLanguage code for the indicator:

Code

                            
// indicator

// March 25 2010
// Big Mike:  https://nexusfi.com


inputs:
    ccilength ( 14 ),
    turningpoint ( 100 ),
    strength ( 3 );
    
vars:
    cciv     ( 0 ),
    up    ( 0 ),
    down    ( 0 );
    
cciv = CCI(ccilength);

if cciv crosses below turningpoint and C = L then up = Highest(High, strength);
if cciv crosses above -turningpoint and C = H then down = Lowest(Low, strength);

Plot1(up,"Up");
Plot2(down,"Down");

Mike

June 30th, 2010, 12:48 AM

simple representation of a powerful idea (especially on range bars). thanks mike.

July 24th, 2010, 10:39 AM

Hi Mike,

Is this available for NT 6.5???

July 25th, 2010, 05:51 AM

trs3042

Is this available for NT 6.5???

I did this in NT7. I'm pretty sure it will work in NT6.5. Let me know if it doesn't.

Best,

wadams.

September 8th, 2010, 09:36 PM

This doesn't seem to work on NT 6.5 Is this available somewhere else on the forum for NT 6.5? Thanking everyone in advance for steering me in the right direction.

September 9th, 2010, 12:13 AM

trs3042

This doesn't seem to work on NT 6.5 Is this available somewhere else on the forum for NT 6.5? Thanking everyone in advance for steering me in the right direction.

Didn't test it so let me know if it has any problems.

September 9th, 2010, 07:04 AM

Seems to work just fine. Thanks vegafoster!!!

Cheers

October 28th, 2010, 03:07 PM

Big Mike

Here is another EasyLanguage indicator I wrote. The premise behind this indicator is to capture the overbought and oversold conditions of CCI, and then draw trend lines on the chart representative of the turning points.

It is designed for Range or Renko charts only.

Here are a few example screen shots:

[IMG]https://nexusfi.com/v/egeerf.png[/IMG]

[IMG]https://nexusfi.com/v/v57a3b.png[/IMG]

[IMG]https://nexusfi.com/v/tq3wes.png[/IMG]

The lines are drawn in realtime and do not change. They are drawn as soon as a bar closes where the CCI has pivoted to/from an overbought/oversold area, so you get instant feedback.

The idea is the top (resistance / blue) represents the top of the normal trading range. Price will normally bounce off this resistance area and move lower. The bottom (support / red) represents the bottom of the normal trading range. Price will normally bounce off this support area and move higher.

When price does break through either S/R area, it tends to make new highs and lows (ie: breakout).

Attached is the MultiCharts .pla file to import.

Below is the EasyLanguage code for the indicator:

Code

                            
// indicator
 
// March 25 2010
// Big Mike:  https://nexusfi.com
 
 
inputs:
    ccilength ( 14 ),
    turningpoint ( 100 ),
    strength ( 3 );
 
vars:
    cciv     ( 0 ),
    up    ( 0 ),
    down    ( 0 );
 
cciv = CCI(ccilength);
 
if cciv crosses below turningpoint and C = L then up = Highest(High, strength);
if cciv crosses above -turningpoint and C = H then down = Lowest(Low, strength);
 
Plot1(up,"Up");
Plot2(down,"Down");

Mike

Hello Mike,

I trade CL, GC, 6E and TF. I use a MedianRenko 6 tick chart for each. My question is.......what would you suggest I set the parameters on the CCI pivot indicator for each one respectively???

Thanking you in advance,

Rick

October 28th, 2010, 03:31 PM

I use 10, 2, 100. It does a good job. You need to remember overbought/sold conditions may occur in succession and produce new lines near each other. I think there is a NT7 version too. Don't remember where i took it.

CCI pivot zones (EasyLanguage)

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CCI pivot zones (EasyLanguage)