Highly accurate CCI based indicator
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How to trade with the indicator profitably:
The indicator is based
on a very simple but highly effective CCI calculation. The indicator
shows the colored line in your charts. The color of the line may be blue
or red. The blue color stands for strong upside moves and the red color
stands for strong downside trends.
Trading with the
indicator is very simple. You can use the indicator either for market
entries as well as exits. Simply as soon as the blue color becomes red,
upcoming downside moves could be expected and vice versa.
The indicator offers to set the "CCI_factor"
setting. The default value is 3. For spotting longer and more stable
trends, CCI_factor = 10 is recommended. But we recommend to test out
which value will suit your trading style the best and will be most
profitable for you.
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