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

  #151 (permalink)
Elite Member
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Great job Mike.
The new one looks great and gives good detail for entry and exit

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  #152 (permalink)
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"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

It is important to remember that the BB setups usually offer the best entry and exits, but one cannot always count on the price to move from one outer BB to the other, even though, in a non-trending market, it frequently does. Once in a trade, no matter what the entry, always look to get the best exit, which is usually the opposite outer BB. But you already know the other exits, if the BB exit doesnot happen. Also, remember to ride the BBs when in a trade and reverse on pullback and then a subsequent move back to the outer BB. This not only gives the best exit and reversal entry, it also is usually a safe trade and with a 10 tick stop, you will seldom concern yourself with that. Look at all the charts you can and it will become evident to you just what I am saying. That 10 tick stop does not apply to CL or the more volital futures. It works well on TF (usualy) & ES. It may also work well on NQ, although I have not been trading it. Check and see what is required on whatever you trade.
Look again at the attached charts as examples.
Good trading and good night.
WK

Attached Thumbnails
TF trading using CCI method-it works-tfh11_5_min_1-4-11.png   TF trading using CCI method-it works-tfh11_5_min_1-4a-11.png   TF trading using CCI method-it works-tf_377_tick_12-1-10.png   TF trading using CCI method-it works-e7-11tick12-29-10.png   TF trading using CCI method-it works-es-633tick12-29-10.png   TF trading using CCI method-it works-eurusd_5_min_chart.png   TF trading using CCI method-it works-eurusd_60_min_chart.png   TF trading using CCI method-it works-audusd_30_min_chart.png  

Last edited by ESFXtrader; January 7th, 2011 at 08:38 AM.
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  #153 (permalink)
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MWinfrey View Post
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.

I can't change the color of the dots, or the background of the numbers.

Attached Thumbnails
TF trading using CCI method-it works-xx.jpg  
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  #154 (permalink)
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MWinfrey View Post
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.

Mike, I don't use your indicator to trade but I have to compliment your coding. I really like the look and organization of the indicator on the chart.

Impressive job.

Regards,
TMFT

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #155 (permalink)
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Monpere - what are those MAs in the chart?

 
  #156 (permalink)
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Monpere - what are those MAs in the chart?

sorry for double posting, as was nt sure if hit submit earlier

 
  #157 (permalink)
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emini_Holy_Grail View Post
Monpere - what are those MAs in the chart?

20 EMA, 50 EMA, 200 EMA

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  #158 (permalink)
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monpere View Post
I can't change the color of the dots, or the background of the numbers.

the dots, bars, and dashed lines are the same color. You don't have the ability to color each one differently.

no capability to change the number color or the background the numbers are on.

 
  #159 (permalink)
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MWinfrey, nice job on your indicator. I was wondering would it be possible to reset the counter (1..5) when it reaches 5 and start a new sequence (1..5) when the histogram bar closes above/below the threshold +45/-45 and the same histogram bar is greater than the preceeding histogram bar in an uptrend and vice versa in a downtrend ? The idea would be to process multiple entries for an extended directional move or a strong move that offers multiple entries.

 
  #160 (permalink)
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MWinfrey View Post
the dots, bars, and dashed lines are the same color. You don't have the ability to color each one differently.

no capability to change the number color or the background the numbers are on.

The DrawText() of the numbering, sets the background to black, that assumes everyone is using a chart with black background. The numbering is illegible on charts of any other background color then black. You can change that by making the background transparent/empty. I guess the dot coloring can't be change if you are using a plot rather then DrawDot(). Thanks for all the great and free work on these indicators.


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