Topic: "CCI Buy Sell Zones" indicator

This indicator determines a buy zone when the market is oversold and a sell zone when the market is overbought.

The indicator detects a beginning of a new trend.

http://s2.postimg.org/cqktqr6k5/screenshot_1282.jpg

Te indicator consists of a CCI (Commodity Channel Index) line and a Moving Average line calculated on the CCI line. There is also predefined level.

Buy zone:
MA (CCI) line must be below -Level (an oversold market).
The Buy zone starts when the CCI line crosses the MA (CCI) line from below to above.
The Buy zone finishes when MA (CCI) line goes above the -Level line.

Sell zone
MA (CCI) line must be above Level (an overbought market).
The Sell zone starts when the CCI line crosses the MA (CCI) line from above to below.
The Sell zone finishes when MA (CCI) line goes below the Level line.

http://s2.postimg.org/anezwtw51/CCIBuy_Sell_Zones.jpg


Repository link: CCI Buy Sell Zones

Re: "CCI Buy Sell Zones" indicator

very interesting looking

thank you

daveM

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....