Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

CCI-4 Strategy

41 sec read

Next to RSI-2 My eyes are always around CCI-4 Strategy.
 
Unfamiliar with the CCI? Read this StockCharts.com primer. In a nutshell, CCI looks at how far an asset has diverged from its moving average relative to how far it “normally” divergences. CCI usually oscillates between +/-100, but will exceed those levels when the market makes a significant move.
 
Strategy rules: go long at today’s close when the 4-day CCI closes below -100 and exit that position when the 4-day CCI closes above 0. go short at today's close when the 4-day CCI closes above +100 and exit that position whent the 4-day CCI closes below 0
 
For More information about this strategy visit MarketSci
 

Weekly Shangai Composite Index-China

 

Weekly Nifty Index-Inida

Weekly Charts of Chinese Markets and Indian Markets shows overheated markets as Weekly CCI-4 is above 100. Also Weekly
RSI-2 of chinese market is at 98.2 shows extremety overbought markets.

Even Weekly charts of CCI-4 is above 100 shows that the rubber band of the Indian Market is getting overstreched. Possibly a Bear Trap for both chinese and Indian Markets. 

 
 
Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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