Monday, June 18, 2018 3:31:48 PM
60 minute chart as a proxy for the daily chart...
The 65 average is close enough to equal the 10day average on the daily chart...you buy and sell price above/below the 65 average...
The 20 average is close enough to equal the 3day average on the daily chart.
So an overbought/oversold 65 CCI is trying to tell you how its acting "relative to the 65 average...so you can also take signals from CCI 65 overbought/oversold.
60minute chart...
20CCI 20,2 Bollinger Bands inside the 65,2 Bollinger band.
This is trading the 20 Bands when they contract=price is going to pop one way or the other...its day trading/scalping a few points. Very difficult.
60minute
The 65 average is close enough to equal the 10day average on the daily chart...you buy and sell price above/below the 65 average...
The 20 average is close enough to equal the 3day average on the daily chart.
So an overbought/oversold 65 CCI is trying to tell you how its acting "relative to the 65 average...so you can also take signals from CCI 65 overbought/oversold.
60minute chart...
20CCI 20,2 Bollinger Bands inside the 65,2 Bollinger band.
This is trading the 20 Bands when they contract=price is going to pop one way or the other...its day trading/scalping a few points. Very difficult.
60minute
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
