theheirophant
Education

EDUCATION Example signals from Crypto-Sticks CCI

BITMEX:EOSZ18   None
Our second entry in the Crypto-Sticks series.

Here an example of how to use the Crypto-Sticks Commodity Channel Index for trading signals. I also plotted this range's signals the indicator would've generated.

The signaling system for this indicator works quite well. Wicks do not count as an try point (unless you are okay with added risk), instead wait for the indicator to CLOSE in the OB/OS zones.
Buy on oversold zone (-65 and below) and sell on overbought zone (65 and above). Alternately you could short at the top and close at the bottom as well.

To reduce risk you may EXIT a signal on a wick, but you may get less profitable trades as a trade-off.

Remember to look for divergences as to clues where sentiment is headed!

Here's how it looks as Heiken Ashi:
And Volume Weighted Heiken Ashi:
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