CCI Woodies Style
CCI Woodies Style is a well-known trading technique that integrates Amibroker data. It leverages the Commodity Channel Index (CCI) in the Woodies style to identify potential trends and reversals. With Amibroker data feed, traders can effectively implement this strategy by staying updated on CCI signals and making well-informed decisions in the dynamic world of financial markets.
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// CCI Woodies Style - Coded by Wring
// Amibroker 4.63.1
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//
// Note: Set Custom Scaling in dialog just below this dialogue box
// to Min -350, Max +350
//
// Set Background color to DarkOliveGreen
// Set Axes color to white
//
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z = CCI(14);
LSMA = LinearReg(C, 25 );
EMA34 = EMA(C,34);
Title = Interval(2) + " " + Name() + ", " + EncodeColor(colorOrange) +
"CCI 14=" + round(z) + ", " + EncodeColor(colorLightBlue) +
"CCI 6=" + round(CCI(6)) + EncodeColor(colorPink) +
"\nPrice=" + H + ", " + L + ", " + C +
EncodeColor(colorWhite) + " " + Date();
// Colour the bars for Woodies Trend Following
Plusbars = BarsSince(z < 0);
Minusbars = BarsSince(z > 0);
TrendBarCount = 5;
for( i = 0; i < BarCount; i++ )
{
if (Plusbars[i] >= TrendBarCount)
Color[i] = colorGreen;
else
if (Minusbars[i] >= TrendBarCount)
Color[i] = colorRed;
else
Color[i] = colorBlack;
}
// CCI Histogram
Plot(z,"",Color,styleHistogram | styleNoLabel);
// CCI Line
Plot(z,"CCI 14",colorWhite,styleLine | styleNoLabel | styleThick);
// Turbo CCI
Plot(CCI(6),"CCI 6",colorLightBlue,styleLine | styleNoLabel);
// zero line 25lsma
Plot(0,"",IIf(C > LSMA,colorGreen,IIf(C<LSMA,colorRed,colorBlack)),
styleThick | styleNoLabel);
// Print the price label - Note div by 1000 to position price near 0 line
Plot(Prec(C / 1000,3),"",
IIf(C >=Ref(C,-1),colorGreen,colorRed),styleNoLine);
// Set up color for the 100s, green if 34ema above red if below
Color = IIf(C>EMA34,colorGreen,
IIf(C==EMA34,colorBlack,colorRed));
// Plot the 100s
Plot(100,"",Color,styleDots |styleNoLine | styleNoLabel | styleThick);
Plot(-100,"",Color,styleDots |styleNoLine | styleNoLabel | styleThick);
// Plot the 50s
PlotGrid(50,colorTeal);
PlotGrid(-50, colorTeal);
// Plot the 200s
PlotGrid(200,colorTeal);
PlotGrid(-200,colorTeal);
// Plot the 300s
PlotGrid(-300,colorTeal);
PlotGrid(300,colorTeal);
_SECTION_END();