Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 10/29/2004(UTC)
Posts: 32
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Hi everyone,
I want your help to create a exploration formula based on Commodity Channel Index. I read follwing
condition in a book for CCI.
Buy when CCI has crossed below -100, formed a bottom below -110, and then crossed back up through -100.
(1) CCI has Crossed below -100 = Cross(CCI(14),-100)
(2) formed a bottom below -110 = [size=18:d5a2afa739]?[/size:d5a2afa739]
(3) crossed back up through -100 = [size=18:d5a2afa739] ?[/size:d5a2afa739]
Please help me to create the formula for remaining two condition.
Thx,
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 1/19/2005(UTC)
Posts: 1,065
Location: Koh Pha-Ngan, Earth
Was thanked: 2 time(s) in 2 post(s)
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Try this MS code:
[code:1:3a48779a14]
===============
CCI buy signals
===============
---8<----------------------
{ http://www.metastocktools.com }
{ Variables }
limit1:=-100;
limit2:=-110;
CCIperiods:=14;
CCIdx:=CCI(CCIperiods);
{ #1 - CCI has crossed below -100 }
preSetup:=Ref(CCIdx,-1)<limit1;
{ #2 - CCI formed a trough below -110 }
bottom:=CCIdx>Ref(CCIdx,-1)
AND Ref(CCIdx,-1)<Ref(CCIdx,-2)
AND Ref(CCIdx,-1)<limit2;
setup:=preSetup AND
BarsSince(bottom)<BarsSince(Cross(limit1,CCIdx));
{ #3 CCI crosses back up through -100 }
signal:=Cross(CCIdx,limit1);
{ Buy signal }
buy:=setup AND signal;
{ Plot in own window }
buy
---8<----------------------
[/code:1:3a48779a14]
I would strongly recommend to plot this exploration code first as an indicator, and verify that it signals correctly as intended.
jose '-)
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 3/7/2005(UTC)
Posts: 1,346
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thanks jose..... neat layout to that code..... as an indicator it plots almost identical buys as equis's cci modified expert.... which is darn good in itself......h
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 10/29/2004(UTC)
Posts: 32
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Respected Jose,
Thank you very much for your kind help.
Thx
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