Understanding Ken Wood’s Woodie CCI system needs 3 things:
1. What does a Woodie CCI pattern look like?
2. What does a Woodie CCI entry signal look like?
3. What does a Woodie CCI exit signal look like?
Woodie only uses two CCI indicators to trade with. One is the CCI 14 period, shown as black, and called
CCI. The other one is the CCI 6 period, shown as red, and called Turbo CCI or TCCI. The CCI formula
uses the (H + L + C) / 3 calculation and has a multiplier of 0.015. Woodie himself may have price bars, Woodies pivots and even the 34-ema showing on the charts he pushes to the room in real-time. But he does NOT use them to trade with. So we will not need either.
Woodie has defined the trend using the CCI indicators only.
Woodie does not use price bars to define the trend.
Woodie does not use the 34-ema to define the trend.
Woodie does not use a larger time frame to define the trend.
Woodie uses the same chart to define the trend as he does to spot a CCI pattern for that market.
Each market will have its own trend and is not to be considered when taking a trade on another market.
You do not need any other charts, markets or indicators to see and define the trend.
When learning Woodies CCI system you must trade with the trend. You do not trade counter-trend trades.
Woodies CCI trend definition is as follows:
• If the CCI is above the zero-line (ZL) for 6+ bars then the trend is up (the 6th bar is an yellow bar defining up-trend).
• If the CCI is below the zero-line (ZL) for 6+ bars then the trend is down (the 6th bar is an yellow bar defining down-trend).
If you are new to trading Woodies CCI system then you should only look for trades that are with the trend
until you no longer need this document.
The CCI zero-line (ZL) is a very important and integral part of Woodies CCI system. All of Woodies CCI
patterns are defined around the zero-line. It represents major support and resistance at this moment in
time. The zero-line is tested over and over throughout the trading day.
Furthermore, the CCI +/- 100 value line represents minor support and resistance at this moment in time as
well. The CCI +/- 200 and greater values represent overbought (+200 and higher) and oversold (-200 and
lower) market conditions at this moment in time.
Some of the Woodie CCI patterns are:
1. Zero-line Reject (ZLR)
3. Vegas Trade (VT)
4. GB 100
5. Tony Trade (TT)
6. Ghost or a CCI head and shoulder break
We are sharing a nice Woodie CCI indicator for Amibroker. The indicator is derived and coded for Amibroker and the numbers 1-6 are auto generated in real time as per 6 tradable Woodie CCI pattern. Check the image below for more details. Click on the image for a larger view.
You can freely download and use the Woodie CCI indicator formula by clicking the button below. You need an account in Twitter to download this file.
And now you will instantly see Woodie CCI panel appear in the charts real time in Amibroker. You may distribute this afl to your friends, but do not forget them to refer them to our site. Remember even all StockManiacs.net freebies are copyrighted for 164 countries, so if anyone tries to modify or sell these freebies we will be compelled to take strict legal actions against them.
Suggested reading: Trade the Patterns: The Revolutionary Way of Trading the CCI. If you like the post share it with the world using the social share icons below.
Originally posted 2012-04-13 10:18:48. Republished by Blog Post Promoter