Complex trading system #8 (CCI Divergence Breakout)

thank you for sharing your knowledge

Hi Grace,

when we draw a trendline to determine the breakout point on a trend reversal, we connect 2 lows while in an uptrend.

When we look to find CCI divergence, in an uptrend we examine the tops of both: CCI indicator and the price, as shown on the screen shot below.

Basically it is a simultaneous analysis of two best matching swing Highs to conclude a divergence.

Best regards,
Edward

For up trend, when we draw the trend line, do we connect the 2 swing lows or the matching 2 prices of the cci bars?
Thanks
Grace

This page should answer your question, otherwise let me know.
how to add MT4 indicators

Best regards,
Edward

hi manus 168,

how it is possible to transfer your link so that it works in my meta4? i`m new and do not know how to install it on my platform.

would be so cool to use this indicator!

Thanks!

Hello, Risk Reward Ratio 1:1 ? Ufff, it is very low and dangerous. Search for RRR 1:2 and higher to become profitable in a long time perspective.

I have this one, not sure it's the same though:

CCI_CustomCandles.mq4

Regards,
Edward

Hi Manus,
What are the candles which are drawn over the regular pricebars on your chart?
Are they CCI Candles?
If so, can you share them?

Here is another indicator as above but with a LSMA included default set at 25.
Real_Woody.ex4

Brad

Dear Manus168,

I'm glad you like the style.

Regards,
Navin

Here's the Indicator :

DOWNLOAD LINK :

FX Sniper_s CCI.zip

Regards;

Manus168

Navin i like the Connect the Divergence only in the top of the CCI only, this is great & Awesome, Thanks a lot Navin.

Kind Regards;

Manus168

or we can combine RBBS CCI (50) & (14) like the screenshoot bellow (The Candle CCI 14 still used) :

So we can look more clearer entry & exit when the histogram in a same line color.

Regards;

Manus168

Maybe he used CCI(14) & CCI(50) with EMA 34 By Closed ... (Dr. Bob Setup)

Like this :

or with alternatif indicators : CCI(50) (RBBS Style) & Candlestcik CCI(14):

Regards;

Manus168

Hi Sir, thanks for the strategy. It sounds promising. Anyway, would you please let us know the setting of CCI ? Is it by default of 14 ? Thanks.