Woodie's CCI (WCCI)
Woodie's CCI is a proprietary indicator developed by Ken Wood. WCCI is a derivative of the Commodity Channel Index (CCI). For more information on trading with Woodie's CCI indicators, visit www.woodiescciclub.com
Woodie's CCI is a proprietary indicator developed by Ken Wood. WCCI is a derivative of the Commodity Channel Index (CCI). For more information on trading with Woodie's CCI indicators, visit www.woodiescciclub.com
The Commodity Channel Index (CCI) is a price momentum indicator developed by Donald R. Lambert in 1980. It is designed to detect beginning and ending market trends. CCI represents the position of current price relative to the average of price over a recent period. Lambert discussed CCI in detail in a 1980 article in Stocks and Commodities V.1:5(120-122). The CCI usually falls in a channel of -100 to 100. The conventional CCI trading system works as follows. When it rises above 100, buy and hold until CCI falls back below 100.
This video covers the process of importing Woodie's layout (charts and symbols) for pairs trading. Woodie trades using range bar charts of pairs along with the Woodie's CCI indicator and other key price indicators.