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Forex Stock Exchange Forum  » Forex and Stock Trading English Forum » Platforms,Coding/Sripts,Expert Adviser,Indikators, » Digital CCI Filter - VertexFX Client Side Indicator

Digital CCI Filter - VertexFX Client Side Indicator

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traderEd



Hello

Digital CCI filter is a CLient Side VertexFX Indicator. It smoothens the normal CCI by digital signal processing alogorithm. This smoothening eliminates the whip saws in normal Commodity Channel Index. The Digital CCI filter oscillates about a middle zero line. Digital CCI values above 0 indicates an up trend and Digital CCI Value below 0 indicates a down trend. When the Digital CCI is rising and above 0, the up trend is strong and Buy positions can be opened. Continuation of the up trend is expected at this point. When it is below 0 and declining, continuation of down trend is expected and Sell positions can be opened. Extreme values of the Digital CCI filter above 0 indicates overbought market conditions and the up trend is likely to end. Extreme values below 0 indicates the down trend is ending. After an overbought or oversold market condition, price usually cosolidate or a trend reversal happens. This can be useful to close open positions as well as to open anticipatory trades.

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