No problem! Many traders are focussed on intraday price action; the CCI can help in the area, as long as it is utilized within the context of a comprehensive trading plan.
Hey Nash, thanks for the question! In reality, it's up to the trader to decide on which periodicity is appropriate for the CCI. In the video, we stuck to the default setting of 20; however, you can adjust the period to be anything you want. The general rule is the greater the number of bars, the fewer times the CCI will move outside of the +100 or -100 levels; the fewer number of bars, the more often the CCI will move outside of the +100 or -100 levels. Ultimately, the choice is yours!
When Welles Wilder created RSI - he set 14 periods as he was linking RSI to the moon cycle of 28 days - then 14 became the norm, but you can use whatever works for you - If you apply 14 periods on a WEEKLY chart, then it will be
Hey Pauly! Great question! We believe that education is the key to success in the markets. Make no mistake; we are not saying the CCI is the road to riches. But, when used within the context of a comprehensive trading plan, it can be a valuable asset in the trader's toolbox. Our objective is to get traders to think and offer education on all things markets. The CCI is simply one indicator; there are hundreds more! Do your own research and find an approach that works for you...then, go to work in the markets! Thanks again for watching, stay tuned for more 👍👍
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Thank you for this knowledge! I know this is an old video but you stay helping us traders!
You are welcome! If you're interested in livestreams and newer content, check out Howtotrade.com!
Thanks for using day market to make the cci clear!
You're welcome.
No problem! Many traders are focussed on intraday price action; the CCI can help in the area, as long as it is utilized within the context of a comprehensive trading plan.
As always thank you. First time I have heard of this. Another one to add to the trading toolbox!
You're welcome! Stay tuned for more.
Very nice presentation, thank you.
You are welcome Cloudman!
Do the financial market want us to really make money?
Yes, but only on Buy and Hold of some stocks 😅
@@happytrader4519 can I have your Insta for community sake
Is 14 bars a good setting for this?? Too slow??
Hey Nash, thanks for the question! In reality, it's up to the trader to decide on which periodicity is appropriate for the CCI. In the video, we stuck to the default setting of 20; however, you can adjust the period to be anything you want. The general rule is the greater the number of bars, the fewer times the CCI will move outside of the +100 or -100 levels; the fewer number of bars, the more often the CCI will move outside of the +100 or -100 levels. Ultimately, the choice is yours!
When Welles Wilder created RSI - he set 14 periods as he was linking RSI to the moon cycle of 28 days - then 14 became the norm, but you can use whatever works for you - If you apply 14 periods on a WEEKLY chart, then it will be
Cci value
?
@@starforce9003 Hmm...can you rephrase your question? Would love to help, just need a bit more detail and we'll get on the case!
Great
Thanks for watching Anang! Be sure to ask any questions that you may have...we'll do our best to answer!
Realistically if it really works why share the information then???????
Hey Pauly! Great question! We believe that education is the key to success in the markets. Make no mistake; we are not saying the CCI is the road to riches. But, when used within the context of a comprehensive trading plan, it can be a valuable asset in the trader's toolbox. Our objective is to get traders to think and offer education on all things markets. The CCI is simply one indicator; there are hundreds more! Do your own research and find an approach that works for you...then, go to work in the markets! Thanks again for watching, stay tuned for more 👍👍