Bill: I think it was you who wrote: "Weakness of BradCCI when used by itself is that one never knows how high is high or how low is low. I've tried it with Stochastics and Williams %R as well as BBands and MACD(5,35,4). Think MACD best proxy."
Still, BradCCI seems a great indicator. I've been testing it alone in WOW, putting in different values for entry and exit points, and I get passable results.
Enter long: (((h+l+c)/3)-mov(c,28,s))/(.015*Std(c,28))>=-140 and ref((((h+l+c)/3)-mov(c,28,s))/(.015*Std(c,28)),-1)<=-140
Exit long: (((h+l+c)/3)-mov(c,28,s))/(.015*Std(c,28))<=140 and ref((((h+l+c)/3)-mov(c,28,s))/(.015*Std(c,28)),-1)>=140
140, of course, is just one value among many possible ones.
I'm going to look into combining BradCCI with MACD and the Chaikin Oscillator. Thanks for your formula.
It's very interesting how the second part of the formula is plotted over the standard deviation: (((h+l+c)/3)-mov(c,28,s))/(.015*Std(c,28)) over Std(((h+l+c)/3),28)
Makes me wonder whether my translation is correct, since the second part really could be mistaken for a 0 trend line drawn by hand when it's plotted in the same chart as the first. It makes me stupidly wonder why a 0 line couldn't be used, unless you were somehow working with the standard deviation on its own. Am I hopelessly confused here? |
