Hi! Is there any way to get an explanation what Yellow and Purple lines, as well as green and red arrows mean and how to use them in trading? I kind of guess that green and red arrows are key buy and sell points and yellow and purple lines are high and low ranges but what is the difference between yellow and purple and why there areas where there are no lines at all? Please help! Thanks!
brianxaos
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I'm such a fan of this powerful indicator! Thank you for sharing, any chance you can also share the source code?
TJalam
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can anyone explain the logic behind this indicator or can i get its source code?
RagendthP.K
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I am new to trading and was looking for some simple one.. hence searched with he key word simple and this tool came up.. I am using amibroker and wanted to test this in it. can you help me out as how i can use this in amibroker?
mstgtahmin
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Hi there. I have a strategy about your indicator. This is really really important. If you try to write this indicator. We will be happy.
My Rules about my strategy.
* When this indicator shows upper arrow, CCI cuts the value of 100 up at the same time. (so buy signal)
* According to this signal candle. Take profit after 2 ATR
* Set Stop Loss to -1.5 ATR.
Note: ATR calculation is after the closed buy signal candle
BastorMastor
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Hej man,
Thank you so much for sharing!!!!
Check out what you can do with the boxes :)