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CCI pivot zones (EasyLanguage)


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CCI pivot zones (EasyLanguage)

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  #1 (permalink)
 Big Mike 
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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:







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://futures.io


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

if 
cciv crosses below turningpoint and L then up Highest(Highstrength);
if 
cciv crosses above -turningpoint and H then down Lowest(Lowstrength);

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

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Attached Files
Register to download File Type: pla BMT CCI Pivots Zone.pla (2.5 KB, 232 views)
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  #3 (permalink)
 WayneA 
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simple representation of a powerful idea (especially on range bars). thanks mike.

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 trs3042 
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Hi Mike,

Is this available for NT 6.5???

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 WayneA 
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trs3042 View Post
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.

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 trs3042 
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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.

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 vegasfoster 
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trs3042 View Post
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.

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Register to download File Type: zip CCIPIVOT_65.zip (5.3 KB, 89 views)
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 trs3042 
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Seems to work just fine. Thanks vegafoster!!!

Cheers

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 trs3042 
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Big Mike View Post
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:







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://futures.io
 
 
inputs:
    
ccilength 14 ),
    
turningpoint 100 ),
    
strength );
 
vars:
    
cciv     ),
    
up    ),
    
down    );
 
cciv CCI(ccilength);
 
if 
cciv crosses below turningpoint and L then up Highest(Highstrength);
if 
cciv crosses above -turningpoint and H then down Lowest(Lowstrength);
 
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

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 trendisyourfriend 
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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.

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 trs3042 
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trendisyourfriend View Post
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.

Thanks Trendisyourfriend

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 Jeff Castille 
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I am wondering if we could get a version of the CCI Pivot indicator that works in Ninja 7 MINUTE CHARTS?

Thanks, Jeff

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 ticker 
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This looks like a good scalping indicator. Seems you can use blue/red as resistance/support, and take as reversal trades when they appear. Use stops of if there is a full bar close opposite side of your entry indicator...

any thoughts...

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 grego 
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ticker View Post
This looks like a good scalping indicator. Seems you can use blue/red as resistance/support, and take as reversal trades when they appear. Use stops of if there is a full bar close opposite side of your entry indicator...

any thoughts...

I've just started experimenting with this using better renko 4 range on NT7 and have written myself a few rules to try,
just based on eyeballing the charts.
As Mike said earlier, and it appears to me that it may be possible to trade the reversals and the breakouts
thats what I'm hoping anyway

I'm going to set the stops just on the opposite side of the CCI to the direction of the trade i'm entering
ie: if i go short (on a revesal trade) then i'll set the stop just above the relevant CCI pivot by one or two ticks.

It appears that if you pick the trade correctly it rarely will retest the CCI pivot line by more than a few ticks max. And if you don't pick the trade correctly then the trade will breakdown quickly and recross the pivot and the tightish stop will prevent too big a loss.

A lot of summation on my part atm, hopefully with time, I will prove me right when testing

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 bomberone1 
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In my image i plot renk 6 tick, is it good to do scalping in your opinion?

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 bomberone1 
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Big Mike View Post
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:






I plot 8 point eurusd.
Could someone help find right configuration to scalper trading?

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 GaryChiles 
Waco, TX
 
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Trading: CL & NQ
 
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Will this work with UniRenko bars especially for CL or NQ? Thanks

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 ABCTG   is a Vendor
 
 
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odmassion,

you might get more help by posting in the "Want your NinjaTrader indicator created, free?" thread, as you posted in the Tradestation section of the forum, while your code appears to be for Ninjatrader.

Regards,

ABCTG


odmassion View Post
Hi can you please help me add arrows to this indicator? i will like an arrow to be painted when the color changes.


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