DOWNLOAD “Woodies CCI Mq4 Trading Template and Indicator” – Woodie’s CCI is a proprietary indicator developed by Ken Wood. WCCI is a derivative of the Commodity Channel Index (CCI). It’s based on a 14-period Commodity Channel Index (CCI).
It’s a fully unbounded oscillator with a base value of 0 and has no lower or upper limit.
Some traders use the indicator to spot a number of tradable CCI patterns both with and against the trend, such as the zero line reject, the reverse divergence and the trendline break.
The 200 level signals an extreme reading.
The indicator is often used in combination with other signals.
- Time Frame: M5 or higher
- Currency Pairs: Any
- Woodies CCI: Histogram and line above the 0 line
- Woodies CCI: Histogram and line above the 0 line