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TF trading using CCI method-it works
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TF trading using CCI method-it works

  #141 (permalink)
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ESFX

12345 count around 10.35 and 11.35 in TF 5min chart above, failed to reverse so how do you use BB to see whether it reverses or not. I dont say that count always should reverse to help us but like to see how BB is used. price can sneak out of outer BB, but sometimes it can enter back into the midband, or keep stay outside the outer band, anyway to spot this diff

 
  #142 (permalink)
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max-td View Post
hey mike,

have a look here at this concept , how i handled plotting dots in this waveRider-Dots- indicator.

https://futures.io/elite-trading-journals/1011-ghost-journal.html#post29346

using a condition-controled "dotted line / plot" (iE EMAs or a flat horizontal line)
makes DOTs adjustable in size & color and also brings them away from being a drawobect.

maybe this is something useful also in indicators like yours here.

i have no problems if you use the DOT-codingtrick outside of elite, but the wavelets itself should stay in there.


BTW : Great Thread & Topic here !

thanks max-td. i use that method as well. In this case I used the drawobjects because it was easy and quicker than setting up a plot, 1 line of code versus a declaration, an initialization, a property, and then the several lines of code to actually plot the different colors. LOL. I was lazy. I was providing a proof of concept that I wanted feedback on to make sure I was doing it correctly and really didn't care about the aesthetics. I answered the dot question last night without really providing any background or plans for the future. However, read my next post and maybe I'll give some insight as to what the future is for that indicator.

BTW, max-td, seen you around for a long time in various forums and have always appreciated your participation. Thank you.

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  #143 (permalink)
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TF trading using CCI method-it works


There are several approaches when trading BBs. You can have a market when touched or a limit at the BBs to exit a trade or enter a reversal or double the number of contracts and do both. If the market is in a strong trend with a BB, wait for pullback to set the entry or exit at a BB. I have shown several reversals like that.
If you wait for the bar to close, it is to late to trade off the BBs.
WK

 
  #144 (permalink)
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ESFXtrader_CCIBarCounter

Hi everyone.

Thought I'd give you an update on the future of the ESFXtrader_CCIBarCounter. Now that I feel comfortable that I am counting the bars correctly, I am going to start on prettying up the indicator a bit and make it customizable. The features I intend to add are as follows.

1. All colors will be selectable as well as anything else that needs to be customized will be allowed as much as possible.
2. Include the CCI in the indicator with 3 different colored bars. A color for those that break the +/- 45, one up color and one down color, and another one for those bars that close between the 45s.

Before I sat down to write this it seemed that I had more in mind for this little fella but for the life of me, I am unable to remember what they are. So, instead of wracking my brain trying to remember, I'm going to close this out and get started writing and hope it all comes back to me. However, if anyone has any ideas send them along and I'll see what I can do.

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  #145 (permalink)
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TF trading using CCI method-it works

At 10:30AM there was the 45 CCI bar for re-entry. Although I show the countback bars, there is a strong trend down and we would not exit, as I described earlier, until the move was over. You may miss part of a move at times, if you choose to take profits using the countback method and there is no re-entry. The more you see trades like this, the more you will hold some of your contracts through them till the end, for big winners. Experience in live markets will help.
WK

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  #146 (permalink)
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ESFXtrader View Post
The purpose of this post is to show those who have not seen this: An IWM 5 min chart on top with an IWM 10 min chart on bottom. The upper chart has a 62EMA and the lower chart has a 31EMA. Here, it is easy to see that the MAs represent the exact price points at any given time. Therefore, one can use both the 31EMA and 62EMA on the shorter time frame and quickly get the support/resistance of both charts, as well as other additional aspects it may offer. One might see how a trader could take advantage of this and use other charts for other instruments. Therefore, once one gets used to the look, it does not look overly busy. By the way, you can do the same thing with MACD cross. By doubling the values of MACD., you get a similar result on a single chart on the same sub-graft. Note the only difference in the upper and lower MACDs is the 3rd value (MACD length), where the upper is 18 and the lower is 9 (default).
WK

That's an excellent idea as it shows once again that simpler is oftentimes better. A trendline as a meeting place ;-) is often all that we need with price of course.

 
  #147 (permalink)
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emini_Holy_Grail View Post
Mike
Posting another 6E - 3range chart, today's chart
It is missing a Green dot at 13.45 as you can see, it crossed +45. would appreciate if you can verify.
time 13.45 is cst

if you notice, there was already a counting of the bars going on from the previous cross of the +45. So, there is no dot there. it only prints dots when there is no counting currently going on.

 
  #148 (permalink)
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Mike,

Will you be adding an audio alert for the +45/-45 cross to your new version of _CCiBarCounter. If not ... no big deal.

sleepy

 
  #149 (permalink)
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ESFXTrader_CCIBarCounter_v3

This version allows you to:
1. change the colors for up, down, and neutral.
2. change the period of the CCI

Includes:
1. Plots the CCI so you don't need to plot it separately
2. Paints the bars with 3 colors depending on their relationship to the +/- 45
3. Plots the +/- 45 lines
4. Plots a dot for the +/- 45 cross that starts the counting of the CCI bars
5. Displays a count of the bars to 5
6. Plots a dashed line from the first cross of the +/- 45 line and continues until the #5 bar
5. There are 2 options for numbering the bars
a. "ResetNumbering = true" means the counting continues until #5 bar is encountered regardless when it occurs. This implies that you could have numbering occuring above the +45 AND below the -45 at the same time. This option is what ESFXtrader described in this thread which means that if you take one of the crosses of the 45 as an entry, the exit will be when this condition is fulfilled which means it could be when a #5 bar is encountered OR when the CCI crosses the opposite 45. You will see a dashed line between the 45 crossover to either the #5 bar or the crossover of the opposite 45, whichever occurs first.
b. "ResetNumbering = false" means the numbering starts over when EITHER the 5th bar is found OR if CCI crosses the opposite 45. So, you will ONLY have EITHER number above the +45 OR below the -45, but NOT both. This option accounts for the potential of holding a trade until bar #5 is encountered. Supporting this option, you will see a dashed line between the 45 crossover bar to the bar where both the #5 bar and crossover of the opposite 45 have occured.


This indicator supports CalculateOnBarClose = false. The default is set to true. At least I hope it does. It seems to be working correctly for COBC = false. I guess we'll find out.

I'll be honest with you guys...since I moved to nt7 I really don't have as much interest supporting nt6.5 However, I converted this indicator to nt6.5 but don't know how much motivation I'll have in spending time with it beyond what I've already done. I just hope it works right and it won't be necessary to make any modifications. One can only hope.

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  #150 (permalink)
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ESFXtrader View Post
There are several approaches when trading BBs. You can have a market when touched or a limit at the BBs to exit a trade or enter a reversal or double the number of contracts and do both. If the market is in a strong trend with a BB, wait for pullback to set the entry or exit at a BB. I have shown several reversals like that.
If you wait for the bar to close, it is to late to trade off the BBs.
WK


WK,
You've touched on this but can you expand on how you determine that a BB entry trumps your CCI rules?? and how you would manage it?

Thanks for your all of your efforts on this thread.

CB


Last edited by ctbaran; January 6th, 2011 at 11:46 PM.

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