Japanese candlestick recognition indicator, input parameters – only colors for uptrend/downtrend.
Figures that indicator understand.
Dark Cloud Cover
Inverted Hammer Up
Shooting Star Up
Shooting Star Down
Inverted Hammer Down
Simple trend analyzing indicator.
Signals: red crossing to top – sell , green crossing to top – buy.
Bands_Mode_0_2 (0=MODE_MAIN, 1=MODE_LOW, 2=MODE_HIGH)
Power_Price_0_6 (0=PRICE_CLOSE, 1=PRICE_OPEN, 2=PRICE_HIGH, 3=PRICE_LOW, 4=PRICE_MEDIAN, 5=PRICE_TYPICAL, 6=PRICE_WEIGHTED)
Price_Type_0_3 (0=PRICE_CLOSE, 1=PRICE_OPEN, 2=PRICE_HIGH, 3=PRICE_LOW)
The indicator is used to trade with famous Woodies CCI trading system.
Woodies CCI system is a complete set of guidelines for you to follow.
The CCI indicator formula is based on the momentum of prices over a given period of time. It is a leading indicator. It is not a lagging indicator. It outperforms most if not all other indicators. When combined with Woodies CCI system it can outperform all other trading systems.
Indicator draws lines for open price for all days, it draws two lines – current open price from meta trader time zone, and additional for some custom (as example – euro session time).
Input parameters (to shift open price):
DailyOpen = 0
EuroOpen = 8
Indicator draws daily pivot levels.
ExtFormula (0 to show pivots, 1 to show support/resistance)
ExtHowManyDays – number of days to proceed
ExtDraw – draw extra levels
Indicator automatically draws weekly pivot levels on all timeframes.
Easy to use, no input parameters – just colors.
Indicator draws a channel with explanation.
SUGGESTIONS FOR USE
– Put on WK chart, set color, remove from chart
– Change TF to D1, set color, remove from chart
– Do the same on 4HR TF