HPotter

FX Sniper: T3-CCI Copy Strategy

This simple indicator gives you a lot of useful information - when to enter, when to exit
and how to reduce risks by entering a trade on a double confirmed signal.
You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect...
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////////////////////////////////////////////////////////////
//  Copyright by HPotter v1.0 25/07/2014
// This simple indicator gives you a lot of useful information - when to enter, when to exit
// and how to reduce risks by entering a trade on a double confirmed signal.
// You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect...
////////////////////////////////////////////////////////////
study(title="FX Sniper:  T3-CCI Strategy", shorttitle="T3-CCI")
CCI_Period = input(14, minval=1)
T3_Period = input(5, minval=1)
b = input(0.618)
hline(0, color=purple, linestyle=line)
xPrice = close
b2 = b*b
b3 = b2*b
c1 = -b3
c2 = (3*(b2 + b3))
c3 = -3*(2*b2 + b + b3)
c4 = (1 + 3*b + b3 + 3*b2)
nn = iff(T3_Period < 1, 1, T3_Period)
nr = 1 + 0.5*(nn - 1)
w1 = 2 / (nr + 1)
w2 = 1 - w1    
xcci = cci(xPrice, CCI_Period)
e1 = w1*xcci + w2*nz(e1[1])
e2 = w1*e1 + w2*nz(e2[1])
e3 = w1*e2 + w2*nz(e3[1])
e4 = w1*e3 + w2*nz(e4[1])
e5 = w1*e4 + w2*nz(e5[1])
e6 = w1*e5 + w2*nz(e6[1])
xccir = c1*e6 + c2*e5 + c3*e4 + c4*e3  
cciHcolor = iff(xccir >= 0 , green,
        iff(xccir < 0, red, black))
pos = iff(xccir > 0, 1,
        iff(xccir < 0, -1, nz(pos[1], 0))) 
barcolor(pos == -1 ? red: pos == 1 ? green : blue )
plot(xccir, color=blue, title="T3-CCI")
plot(xccir, color=cciHcolor, title="CCIH", style = histogram)
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Hi HPotter,
First of all thanks for the strategy, it is really nice and useful.
I wanted to ask you if you have the same issue I'm having: I sometimes get double alerts on different candles. So, for example, if I entered short, maybe after a candle or two the wave would again "touch" the trend line and consider itself as a crossing down, triggering a second alert.

Is there any way to avoid this?

Thanks!
Reply
@gxyzod, It may be problem to work realtime. If you try to set xPrice = close it can be fix it.
Reply
gxyzod PRO HPotter
@HPotter, so on the closure of the previous candle basically as a confirmation, correct? Thanks!
Reply
I also tried adding a pyramid counter, as to keep it at one and avoid the double signal (I'm good at its first guess). But still, it ignores the counter and insists on sending the alert :)
Reply
Good afternoon! Thanks for the great indicator! Is it possible to create alerts when changing a trend? Thank you!
Reply
HPotter PRO AndreiDuke
@AndreiDuke, Hello, look at this
FX Sniper:  T3-CCI Strategy With Alerts
Reply
Sorry @HPotter , I have tried to hear your advices but i didn't manage to set the indicator because i'' don't understand how to set it ...could you help me please? Thanks in advance
Reply
HPotter PRO Emisfero
You should add to favorite and then it should be in the Indicators list as a Favorite
Reply
Emisfero HPotter
Thank you much! :D
Reply
cool induk
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