1. BUYS = Watch for RgMov to make a 2-month high, then buy CCI readings of -100 followed by trading above, then closing above a previous day's high. Exit at 3 ATR rally or when CCI reaches +100 adding each 1 ATR advance. Stop = 3 ATR's OR if RgMov makes a 2-month low on a closing basis (2 months = 44 days)
2. SELLS = Watch for RgMov to make a 2-month low, then sell CCI readings of +100 followed by trading below, then closing below a previous day's low. Exit at 3 ATR decline OR when CCI reaches -100, adding each 1 ATR decline. Stop = 3 ATR's OR if RgMov makes a 2-month high on a closing basis (2 months = 44 days)
There are plenty of other exit strategies - including using a trailing stop once the CCI has reached the opposite extreme. A simple trailing stop can be over/under the 3-day range.
Another way to do this is to just use the absolute 2-month price range. If it makes a 2-month high, the trend is up. If it makes a 2-month low, the trend is down. That's going to be very close to what RgMov is saying.
why 2 months ?
Thank you Tim