Woodies Cci Cheat Sheet

Price closing above its level represents the bullish trend and if closes below the 20 lwma level then considered as the bearish trend of the market.

Woodies cci cheat sheet.

It is a 20 day linear weighted moving average used to identify the market trend for its users. The main principle of this system is that the price moves in the direction of cci. Besides a histogram for the slow cci which depending on the conditions is colored in different colors was added into woodies cci. Cci woodie with channel trading system anatomy.

Woodies cci comprises multiple plots. The color of each element cci periods support and resistance levels as well as the source price. A fast curve is used to predict the slow one s movement. Woodies cci indicator is a modification of cci commodity channel index.

Shop online at woodies for nationwide delivery or click collect. Woodies cci indicator z1 cci close z2 cci close z3 cci close return z1 as cci 20 z2 as cci 20 z3 as cci 6. Woodie stated a few months back that he trades no more than 3 contracts per trade. One end of the trend line should be at cci value 100 region or greater for it to.

A trend line break pattern uses two or more decent sized bumps using cci or tcci to lay the trend line across them. Then when the cci crosses or breaks that trend line tl that is the signal to enter the trade. The indicator consists of two ccis with the periods 6 and 14. In the menu that appears you can adjust numerical and visual settings of the woodies cc.

In order to do so click on the indicators button in the bottom left corner of the screen and then find woodies cci in the momentum tab. Diy supplies with over 30 000 products to help you finish your home or garden project. If cci crosses this level and does not go back for at least six bars it might indicate trend existence. Cci crossing above zero line signifies the uptrend if it crosses below downtrend.

Woodie ken wood created the woodies cci trading system and the woodies cci club trading room. Zero line is the main indicator of support resistance. Now surely someone who has been trading the cci for over 30 years and the self proclaimed emperor of the cci should be trading far more. 3 woodies cci trend line break tlb pattern.

Woodie can t make money trading cci.