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| Discuss need clarification at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by gopu Hi All, ... how to analyse those things? what is the time ... |
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#11
21st October 2004, 04:03 AM
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Re: need clarification
Quote:
CCI(13) system consist of five componets. [A]First CCI(13) must go below -100 for a buy signal and above +100 for a sell signal and subsequently reverse by one period. [b]Once the reversal occurs the buy/sell alert is sounded; begin looking to MACD (5,35,4) for confirmation. The most conservative confirmation would occur when the signal line crosses the difference line. However, system also allows confirmation if a reversal in direction is apparent or there is a "convergence" of these two lines. Confirmation by MACD generally lags the buy/sell alert by several days. [C]Once MACD (5,35,4) has confirmed the CCI(13) by/sell alert, it is important to check three additional indicators for further confirmation. [i]First, DMI- (selling pressure) must be declining by at least one period for buy signals and DMI+ (buying pressure) must declining by at least one period for sell signals. Does NOT require a rising ADX line. Simply requires +/-DMI to be moving in direction of trade by at least one period when MACD confirms. [ii] Secondly RSI (9) must be moving in direction of the trade by at least one period. [iii]Relative Strength vs A major index must be moving in direction of the trade by at least one period(so that you do not fight the overall market). [D]Can also use a 5/13 period moving average x-over if desired but this indicator is not a required part of the system. System should work across all time periods. Also read this: http://stockcharts.com/education/TradingStrategies/Multicollinearity.html 
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#12
21st October 2004, 10:58 AM
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Re: need clarification
I would recommend using the The Guppy Multiple Moving Average along with the CCI for excellent results.
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