How to use Double- CCI- Woodie

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Super woodie cci

Super woodie cci Indicator is the most famous in Forex world when we see green bars and above the zero level that means we will only look long entry and when we see red bars and below the zero level that means we will only look for short entry.

The following 2 users say Thank You to atharalifaisal for this useful post.

as usuall need for more explanation because explanations are very important if you share an indicator, there are many newbies on this forum who want to learn about this
this indicator new for me, i never see or read about this super woodie cci, is that same thing with cci original that already put on metatrader? or this one is modified from it??

Thanks for give me suggestion I am also new yes of course next time I will be care full and I will share Indicator with full description and how to use etc and this is modified version meong it is not like built in as you know Indicator is telling when your trade down it will show red lines and when it will go up it will show green lines you can see how much its going down and up it is telling is ratio of upward and downward like RSI but it has line colors specially easy for newbie members.

I have downloaded the file, which folder should i put it and how can i enable it?
I’m not very knowledgeable about using the metatrader since I only follow trading systems of some people shared in the forum. can you please add some details.

Super woodie cci Indicator is the most famous in Forex world when we see green bars and above the zero level that means we will only look long entry and when we see red bars and below the zero level that means we will only look for short entry.

Besides the CCI itself; the woodies actually looks the pattern at the CCI (14) such Shamu; etc . so you need another indicators CCI Pattern Recognition.Please look at the atachement.

Another Indicators is : Sidewinder . Maybe next time I’ll upload at this thread with Woodies CCI ebook

My Comp/ Local (c) / Program file/ Experts / Instatrader.4 / Indicators.

Super woodie cci Indicator is the most famous in Forex world when we see green bars and above the zero level that means we will only look long entry and when we see red bars and below the zero level that means we will only look for short entry.

Seems only CCI Histogram for using CCI Woodies Style Trading.

Super woodie cci Indicator is the most famous in Forex world when we see green bars and above the zero level that means we will only look long entry and when we see red bars and below the zero level that means we will only look for short entry.

may seem too simple, then permit me to download it, and I will pelajri and try it, because I was unfamiliar with the CCI, if this is better, why I do not wear it, most of us still try and make profits in forex trading, once again thank you for sharing here.] regards

Ken Woodies CCI

Ken Woodies claim His CCI can be trade in any market, any timeframes, just using his CCI setup.

However the elements from his CCI its :

1. CCI Histogram periode (14) with level 0, 100, -100, 200, -200.
2. CCI Periode 6) next will be called as Turbo CCI.
3. Sidewinder = LSMA Periode 25.

Just 3 Indicators in one windows. For instant setup please Download from My attachement and put in :

My Comp / Local (c) / Program Files / Instatrader.4 / Expert / Indicators.

try to give us more explaining of this indicator how to use it and what is the best pair and what is the best time frame to trade with it and please with some screen shot not just some words

I thought the Thread Starter will responsible to continue explained from your request; From My post before I just share some resume from Mr. Ken Woodies CCI with his indicators, I just hope My share can help for Us.

Meanwhile; here’s the examples of all the indicatros I’m already share if you already put in the right place :

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Trading with Woodies CCI Patterns

This Woodie CCI indicator belongs to the oscillators class, it was created by Donald Lambert in 80s of the last century.

Before reading the article and writing your questions in comments section, I recommend to watch this video. It’s not long, but covers biggest part of questions on the topic.

The creator believed that CCI indicator will help to accurately determine the turning points in the financial markets. Many traders believe this indicator is the only thing which has been working in the financial markets for quite a long time among other technical analysis indicators.

Woodies CCI indicator is a modification of CCI (Commodity Channel Index). The indicator consists of two CCIs with the periods 6 and 14. A fast curve is used in order to predict the slow one’s movement. Besides a histogram for the slow CCI, which, depending on the conditions, is colored in different colors, was added into Woodies CCI.

indicator’s values oscillate near zero line and do not have an upper and lower bound. 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. We’ll talk about Woodies CCI strategy in the next article.

This is How Woodie CCI looks like

Blue line is slow CCI, yellow is fast.

Formulas for Woodies CCI indicator calculation

I didn’t manage to find the correct formulas, so let’s see the principle of CCI calculation in the open-source code in the thinkorswim terminal.

Typical price is The average between high, low, close. Close may be this index, but in the current indicator the author decided to accept such an index for the asset price. Division into three is not important, since the ratio will be calculated at the end.

linDev is the average of the absolute linear deviations of the price from its average over the period = Period.

The red line near the indicator is the absolute linear price deviation from its average with a period = period and the white moving is linDev or just SMA applied to the red chart with a period = period. The next code’s line determines CCI indicator’s value.

When having a value linDev = 0, the indicator’s value is 0, in other cases it is equal to the ratio of absolute deviations of price and linDev multiplied by 0.015. The figure in the denominator is determined by the author in order to have such absolute values of the indicator as they are, this figure doesn’t affect the indicator’s values relativity.

Woodies CCI indicator consists of two CCI (fast and slow) and a slow CCI histogram which changes its colors, as it was previously mentioned. Let’s see the principle the colors are changing by.

Woodies CCI histogram can have four colors: red, green, gray and yellow. When a slow CCI crosses zero line, the histogram changes its color into gray for 4 bars from the moment of crossing the line. If CCI doesn’t crosses zero line anymore, the 5th bar of the histogram will have yellow color and starting from the sixth and onwards the bars will have red color (CCI below the zero line) or green (CCI above the zero line).

Woodies CCI indicator’s parameters

Indicators have only two parameters:

CCI Period is the period of a slow CCI; TCCI Period is the period of fast CCI; The author recommends the 14 and 6 values for hours timeframe. That’s all. We’ll discuss popular Woodies CCI strategy in the next article.

How to use Double- CCI- Woodie

Суть торговой системы по индикатору Woodies CCI:
1. Определяем расхождение осциллятора и цены, т.е. дивергенцию. Зоны перекупленности или перепроданности, как правило, не дают подтверждения от индикатора Woodies CCI максимальным значениям цены.
2. Индикатор Woodies CCI будет определять перепроданность/перекупленность при выходе цены за +100 или -100. Иногда трейдерами используются значения сигнальных уровней в +75/-75.

Для торговли по данной стратегии лучше всего подходит брокер forex4you

Индикатор Woodies CCI (скачать индикатор и шаблон) очень прост в использовании. Для полноценной работы нужен сам паттерн индикатора Woodies CCI и цена. То есть схема выглядит как один график – один рынок – один временной интервал.

Технически у индикатора Woodies CCI присутствует 2 значения CCI. Один – с периодом 14 (черного цвета), второй – с периодом 6 (красного цвета), он же Турбо ССІ (TCCI).

Трейдер Woodie (Вуди), создатель торговой системы, наносит на график выбранного инструмента точки разворота (пивоты) и ЕМА (34), но он их не использует. В основном выбираемые им тайм-фреймы – это М5, а также 3-хминутка или тиковый график с периодом 33, 89 либо 133 тика. Для пользователей Метатрейдер 4, работающих через надежного брокера Форекс, идеально подходит 5-тиминутка (М5). Большие тайм-фреймы не используются.

Повторимся, для торговли нужен лишь индикатор Woodies CCI с хорошо выделенными CCI и TCCI, а также спокойным фоном. Не меняйте выбранный торговый интервал. Любая другая информация лишняя. В оригинале Woodie даже убирал цену сос своих графиков, ориентируясь лишь на показания осциллятора.

Все, что должен делать трейдер – ожидать появления паттерна Woodies CCI, т.е. расположения линии индикатора Woodies CCI в зоне перепроданности/перекупленности, после чего трейдер может войти в рынок. Выход из позиции производится от индикатора Woodies CCI.

Определение тренда
Важный момент – торговля всегда идет по тренду. Тренд определятся только на текущем графике (М5) по наличии CCI, находящегося выше нулевого уровня на протяжении 6 свечей (баров) или больше – для восходящего, если ниже – для нисходящего тренда.
Если по обе стороны от нулевого уровня присутствует некоторое количество свечей (баров) по 2-3, т.е. нет четкого движения, мы определяем это как флэт и не открываем никаких позиций.

Паттерны Woodies для торговли по тренду и против него
По тренду:
1. Откат от нулевого уровня (Zero-line Rеject – ZLR).
2. Обратная дивергенция (Reversе Divеrgence – rev diver).
3. Пробой трендовой линии по тренду (Trend Line Brеak – TLB).
4. Пробой горизонтальной линии тренда по тренду (Horizontal Trend Line Break – HTLB).
Против тренда:

1. Шаму (Shаmu Trаde).
2. Вегас (Vegаs Trаde).
3. Призрак (Ghоst Trаde).
4. Экстремальный крюк (Hoоk Frоm Extrеme – HFE).
5. Пробой трендовой линии против тренда (Trеnd Linе Brеak – TLB).
6. Пробой горизонтальной линии тренда по тренду (Horizontаl Trеnd Linе Brеak – HTLB).

В данном описании индикатора Woodies CCI мы не будем детально рассматривать каждый паттерн. Достаточно, чтобы вы поняли суть использования этого осциллятора, остальное придет с практикой.

Пример стратегии Woodies CCI. EURUSD, M5.

15.10 16.09.2020 – оба CCI находятся в зоне перепроданности (ниже -100). Покупаем на уровне 1,3753. Продаем на уровне 1,3803, ориентируясь на нахождение обеих CCI в зоне перекупленности. Прибыль +50 пунктов.

Вторая сделка – продажа в 16.15, а также 17.00 и 17.15 (оба осциллятора CCI находятся в зоне перекупленности). Закрытие всех 3-х позиций нужно произвести в 17.35. Получена прибыль составит примерно 25+35+70=+130 пунктов.

Обратите внимание, никакие стоп-приказы не используются. Они устанавливаются лишь в случае высокой волатильности или ожидания важных новостей – для страховки (Stop Loss). Ориентируемся только на значения осцилляторов – продажа в наиболее высоких точках и покупка в наиболее низких. Значения обеих ССІ должны совпадать.

Помним, что прибыльность торговли очень сильно зависит от выбранного вами брокера!

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