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Forex Stock Exchange Forum  » Forex and Stock Trading English Forum » Platforms,Coding/Sripts,Expert Adviser,Indikators, » WPR+CCI Vertexfx Indicator

WPR+CCI Vertexfx Indicator

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1attention WPR+CCI Vertexfx Indicator Wed Nov 20, 2019 1:03 pm

indicdeveloper



The WPR+CCI is a powerful VertexFX client-side indicator based on the Williams Percent Rank (WPR) and the Commodity Channel Index (CCI).
The Williams Percent Rank indicator provides insights into the current price with respect to its historical highs and lows over the specified period. Lower values of WPR suggest bearish trend and higher values of WPR indicator bullish trend. The WPR is bounded between -100 and 0.
The Commodity Channel Index (CCI) measures the price variations from its statistical mean. Traders use CCI to help identify price reversals, price extremes and trend strength. The CCI typically oscillates above and below a zero line. Normal oscillations will occur within the range of +100 and -100. Readings above +100 imply an overbought condition, while readings below -100 imply an oversold condition.
The WPR+CCI indicator uses the WPR as the primary indicator and the CCI as the filter indicator. When the WPR is rising and the CCI is above +80 the WPR+CCI indicator turns BLUE indicating a bullish trend. Traders can enter a long position when the indicator turns BLUE. When the WPR is falling and the CCI is below -80 the WPR+CCI indicator turns RED indicating a bearish trend. Traders can enter a short position when the indicator turns RED.


BUY / EXIT SHORT - Enter LONG (or exit SHORT) at close of candle when the indicator turns BLUE. The stop-loss can be placed below the nearest Swing Low.

SHORT / EXIT LONG - Enter SHORT (or exit LONG) at close of candle when the indicator turns RED. The stop-loss can be placed above the nearest Swing High.

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