It s a fully unbounded oscillator with a base value of 0 and has no lower or upper limit. It s based on a 14 period commodity channel index cci. Woodies cci is a momentum indicator that was developed by ken woods.
The aim of the cci indicator is to help trader to identify potential levels where a new trend might start. The heart of the entire system is the cci commodity channel index indicator created by donald lambert in 1980. The woodies cci system consists of several indicators which can be downloaded for mt4 platform here.
It is a good choice for the beginners how the real woodie cci indicator operates the. It is in fact a trend indicator that is very easy to use and also very profitable. Real woodie cci forex indicator is one of the most comprehensive and profit making indicator that you will come across.
This book shows you exciting ways to trade all markets with the cci. For 50 plus years people have been using the same indicators with most having frustrating results. Woodie s book describes his new previously unwritten technical analysis method.
Woodies cci mt5 indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye. Woodies cci mt5 indicator is a metatrader 5 mt5 indicator and the essence of the forex indicator is to transform the accumulated history data. It s based on a 14 period commodity channel index cci it s a fully unbounded oscillator with a base value of 0 and has no lower or upper limit.
Woodies cci is a momentum indicator that was developed by ken woods. Blueline is slow cci yellow is. This is how woodie cci looks like.
We ll talk about the woodies cci strategy in the next article.
Woodies cci forex indicator. When we say that woodies cci is a trading system of its own we mean that it effectively incorporates several different indicators and metrics. Woodies cci is a combination of 5 basic elements. The cci the cci turbo the cci histogram the base line and support resistance lines. The cci and the cci turbo are the red and the green lines.
Woodie only uses two cci indicators to trade with. One is the cci 14 period shown as black and called cci. The other is the cci 6 period shown as yellow and called turbo cci or tcci. Tcci is used in the drawing of trendlines.
Download real woodie cci mq4 for metatrader4. Learn how to use woodies cci from original trading rules by woodies cci club. The high indicator s value indicates the overbought price at the moment a low value indicates the oversold price. The key levels of the woodies cci indicator are 100 200 levels and zero line.
The key levels of the woodies cci indicator are 100 200 levels and zero line. The high indicator s value indicates the overbought price at the moment a low value indicates the oversold price. Learn how to use woodies cci from original trading rules by woodies cci club.
Download real woodie cci mq4 for metatrader4. Tcci is used in the drawing of trendlines. The other is the cci 6 period shown as yellow and called turbo cci or tcci.
One is the cci 14 period shown as black and called cci. Woodie only uses two cci indicators to trade with. The cci and the cci turbo are the red and the green lines.
The cci the cci turbo the cci histogram the base line and support resistance lines. Woodies cci is a combination of 5 basic elements. When we say that woodies cci is a trading system of its own we mean that it effectively incorporates several different indicators and metrics.
