Skip to main content

CCI Filter VertexFX Indicator

CCI Filter indicator is VertexFX client-side indicator script based on the Commodity Channel Index -CCI and Moving Average methods.

The Commodity Channel Index (CCI) is a powerful indicator that provides important information on the trend. It is cyclical in nature and follows price closely. When the CCI has bottomed out below zero and is rising gradually, it implies that the market is rising and bullish. On the contrary, when the CCI has peaked and is falling gradually, it implies that the market is falling and bearish in nature. This is combined with the Moving Average of the Commodity Channel Index (CCI) which provides crossover signals.
To calculate the CCI_Filter indicator, we first calculate the Commodity Channel Index (CCI) over the recent CCI_PERIOD bars. The CCI PRICE specifies the price field to be used to calculate the CCI indicator. This is the BLUE component of the indicator.
In the next step, we calculate the Moving Average of the CCI over the recent MA_PERIOD bars. The method used to calculate the Moving Average is specified by the MA_METHOD parameter. This is the RED component of the indicator.

The RED component is used as the filter of the BLUE CCI component to provide the BUY and SELL signals.





BUY - Place BUY trade when the BLUE indicator component has crossed above the RED indicator component below the zero level at the close of the candle. Do not open the BUY trade if the candle has a gap-up opening. Place stop-loss below the nearest Swing Low or Support level.
SELL - Place SELL trade when the BLUE indicator component has crossed below the RED indicator component above the zero level at the close of the candle. Do not open the SELL trade if the candle has a gap-down opening. Place stop-loss above the nearest Swing High or Resistance level.


INPUTS :
1) CCI_PERIOD - The period over which the CCI values are calculated.
2) CCI_PRICE - The price field used to calculate the CCI. The permissible values are, 0 = Close, 1 = Open, 2 = High, 3 = Low, 4 = Median, 5 = Typical and 6 = Weighted.
3) MA_PERIOD - The period over which the Moving Average (of the CCI) is calculated.
4) MA_METHOD - The method for calculating Moving Average. The supported values are Simple Moving Average (0), Exponential Moving Average (1), Smoothed Moving Average (2), Linear Weighted Moving Average (3) and Least Squares Moving Average (4).

https://www.hybrid-solutions.com/plugins/client-vtl-plugins/free/cci-filter--.html

Comments

Post a Comment

Popular posts from this blog

Double Smoothed AMA VertexFX Indicator

Double Smoothed Adaptive Moving Average (DSAMA) is a VertexFX indicator based on the Simple Moving Average (SMA) indicator. One of the biggest drawbacks of the SMA is the presence of lag which delays trade entries and exits. The DSAMA indicator offers three advantages of the SMA indicator. First and foremost, unlike the fixed period of the SMA, the period of the DSAMA is adaptive and is calculated based on a fast and slow period range. As a result, it shows a better response than normal SMA. Secondly, by using a smoothing algorithm, the lag is reduced thereby allowing traders to enter and exit trades faster before the price has moved too far away. Building the Indicator: In the first step, we calculate the greatest and smallest value of the price over the recent PERIOD candles. Based on the greatest, smallest, and the current value, the smoothing coefficient is calculated. Finally, the two levels of smoothing are applied, one using the FAST_PERIOD and then using the SLOW_PERIOD to red...
Post a Comment
Read more

RSIofPSAR VertexFX Indicator

RSIofPSAR is a VertexFX indicator that identifies trend reversals, it is based on two underlying indicators namely the Parabolic Stop-And-Reverse (PSAR) and the Relative Strength Index (RSI). The PSAR indicator is very useful in trend-following techniques when the trend is clear. However, it leads to whipsaws in sideways markets leading to losses. The RSI indicator is useful in identifying trend reversals and sideways markets. RSIofPSAR is created by combining these characteristics from the two indicators providing use with a composite indicator the identifies trend reversals. In the first step, we calculate the Parabolic Stop-And-Reverse (PSAR) of the price series. In the next step, we calculate the Relative Strength Index (RSI) of the PSAR calculated in the previous step. Instead of calculating the RSI using the standard technique, we use a smoothing co-efficient to eliminate the lag. The RSIofPSAR is a bounded oscillator ranging between 0 and 100. It turns BLUE when it is rising an...
Post a Comment
Read more

Adaptive ATR VertexFX Indicator

AdaptiveATR is a VertexFX indicator built based on the Average True Range (ATR) indicator. The Average True Range (ATR) provides information about the volatility of the price. However, one of the drawbacks of the ATR is that it does not provide the direction of the trend, or change in direction. The AdaptiveATR overcomes this drawback by using an adaptive feedback mechanism for calculating the ATR. The original ATR uses High, Low, and Close prices for calculations, whereas AdaptiveATR uses only High and Low prices. As a result, it exhibits a greater sensitivity to volatility and change in direction. In the first step, we calculate the average price based on the High and the Low. In the next step, we calculate the difference of the Average price from its previous Average price. Using concepts of signal-processing, the noise factor is calculated based on this difference. Finally, we subtract the noise from the accumulated Difference over the specified ATR Period. When AdaptiveATR is ris...
Post a Comment
Read more