Digital CCI Filter – Client Side Indicator

Free

Developed By: JoySebastian

In stock

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(Downloads - 1478)

SKU: 760 Categories: ,

CCI

Digital CCI filter is a Client Side VertexFX Indicator. It smooths the normal CCI by digital signal processing algorithm.

This smoothing eliminates the whipsaws in normal Commodity Channel Index (CCI). The Digital CCI filter oscillates around the zero line. Digital CCI values above 0 indicates an up trend and Digital CCI Value below 0 indicates a down trend.

When Digital CCI is rising and above 0, the up trend is strong and Buy positions can be opened. Continuation of the up trend is expected at this point. When it is below 0 and declining, continuation of down trend is expected and Sell positions can be opened.

Extreme values of the Digital CCI filter above 0 indicates overbought market conditions and the up trend is likely to end. Extreme values below 0 indicates the down trend is ending. After an overbought or oversold market condition, price usually consolidate or a trend reversal happens. This can be useful to close open positions as well as to open anticipatory trades.

Usage

  • Download the attachment from vStore or directly from the vStore tab in your terminal by performing a right click on it and selecting Download & Install
  • Copy it to your company VertexFX Local VTL Files folder i.e. C:Program FilesCompany Namevtl10Local VTL Files
  • Restart your Client Terminal or Right Click on “Local VTL Scripts” Tree Node to find the script.

Additional information

Plugin-Type

Client VTL – Custom Indicator

Compatibility

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