Great thread! Does anyone know how i can create a CCI Average from a CCI indicator? I currently have the CCI indicator but i don't the CCI Average. Any thoughts?
Lets say I dream for a second and the market rallies to 1309. It wouldn't be a new high but it might be enough to push the 30 min CCI into the sell zone (cross above the CCI average). In that case, if the market starts to drop and the 5 min. CCI were to cross the 5 min. CCI average then I'd use that for a exit of the long position. There wouldn't be a short initiated because of the lack of a new high, but it would be enough to exit the position. Hope that helps. It'll be more clear when one of these trades happens.
I use a combination of market orders for entry and stop orders to exit losing positions. Both have gotten a heavy workout today (lol). Exits with profits are done with market orders.
Use the 20 period CCI for the CCI line. The second line is the average which is just a 10 period simple moving average of the 20 period CCI.
according to the chart on your first post, we're in the sell zone if the 30 min CCI is > 30 min CCI avg. so when the 5 min CCI crosses over the 5 min CCI avg (above the average), why is this a buy signal?