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ADX BollingerBandwidth CCI indicator

This is a variation of the CCI indicator that also takes inputs from ADX and Bollingerbandwidth. You can change any of the parameters for the inputs. The indicator looks a lot like the CCI indicator except on big moves and trending moves, where the ADX and bollingerbandwidth give extra weight to the indicators movement.

Update:

here's the code snippet for entry signals for a strat based on this indicator crossing above and under the zero line (with adxperiod, bbwidthperiod and cci period all set at 20 and stdev set at 2. You can screw around with the setting):

For long entries:

if (Adxbbwidthcci(20, 20, 20, 2).ADXBBCCILINE[0] > 0 && Adxbbwidthcci(20, 20, 20, 2).ADXBBCCILINE[1] < 0)

For short entries:

if (Adxbbwidthcci(20, 20, 20, 2).ADXBBCCILINE[0] < 0 && Adxbbwidthcci(20, 20, 20, 2).ADXBBCCILINE[1] > 0)

Additionally, I found the following filter works well with the strat based on this indicator:

// no zero line cross above in last 10 bars for adxbbwcci (you can of course tweak so no zero line cross for at least X bars):

if (CountIf(delegate { return (Adxbbwidthcci(10, 10, 10, 2).ADXBBCCILINE[1] * 1000) > 0;}, 10) >= 10)

Good luck.

Category NinjaTrader 7 Indicators

Details: ADX BollingerBandwidth CCI indicator
Category: NinjaTrader 7 Indicators

October 27th, 2012
Size: 9.10 KB
Downloaded: 932 times

Comments/ratings

minsalaco October 27th, 2012 12:29 PM

forgot to mention, I found that using this indicator for entries or exits based on the crosses over and under of the zero line are reliable.

mannya October 30th, 2012 06:48 AM

Excellent indicator!! One suggestion is adding color to the zero line crosses.

Thanks again.

Herbert April 28th, 2013 05:42 AM

Thank you

GILAZ May 4th, 2013 05:22 AM

Hello ,
I ve started working with ADX. but with the combination Bollinger Band
it will be very interesting.
THANK YOU!

JoyNinjaTrader January 26th, 2015 02:26 AM

thank you Minsalaco... nice idea and good indicator, plotted it on the chart, works well