right is what fits your personal needs !
this is right in t-shirt - sizes and also in choosing a timeframe or CCi-settings !
BTW - This should not only be a joke - i think its the truth.
While changing a timeframe you also see how a CCi 14 shows you different things.
a CCi45 or a EMA 150 in small timeframe shows you nearly the same things than a CCi 14 / EMA 50 in a 3 times higher timeframe. -> there are no fix rules.
A shorter CCi is a signal-giver - a longer CCi is more a filter / trenddefinition
what i do if i have to find the best settings for an indicator is :
i open an additional test-chart for this on my workspace + put in the indicator 3 times with diff settings.
so i can see whats the best for me if i watch this for some weeks.
i check + compare my signals / filter-function in this chart daily and look wichone of the 3 gives me the best results.
important for me is to do this over minimum 3 week to see it in all marketconditions.
play, compare + check whats the best for you, what you like most, whats useful for you - this will be the right setting for your style + your timeframe at the end.
agree max-td that's true. If I test for 3 weeks, yes I will find answer for sure. I have tried CCI30 and so far it is coming close to what I look for. but wanted to check as sometimes there are preferred settings, like 89, 377 tick charts - these # are from fib and preferred though this is no harm in other tick charts. but thks for your input
This site has a bunch of cci trading methods if you haven't already seen it. Trade Setups
I just started looking at the stoch(rei sub) setup yesterday. I have a tendency to put new lower indicators on my chart only to end up ignoring them, so we'll see how it goes. I programmed the rei, but not sure if it is proprietary or not, so I am not posting it. After comparing the two, the stoch setup appears to give virtually the same signals, so I am not sure it is really necessary anyway. Only reason I mention this is because I have also been looking at the dual cci paintbars posted in Jeff's cci thread with a 6 short and 30 long. A 45 or 50 also seemed too long to me. Bollinger, stoch, and dual cci paintbars gave two pretty good signals today.
in real time, you can't know, but the idea is that the overall trend is down, price bounced off the upper bollinger, double cci paint bars turned from yellow to red, the fast stoch was overbought while the bline stayed down, all of which in combination supposedly signify the price has a greater probability to fall than rise. it's too early to call this one though.
Been looking at this some more, the stoch doesn't tell you anything, it's basically just a 20 period pull back setup.
Last edited by vegasfoster; June 13th, 2010 at 05:32 PM.