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CCI_Flat_Extreme_Alert
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=65090
Forum: 17 · Topic 65090 · 20 post(s)
CCI_Flat_Extreme_Alert
Apprentice · Fri Sep 15, 2017 3:49 pm
Based on the request. viewtopic.php?f=27&t=65087 For overbought scenarios, alert only generated if CCI decreases by 5 or less For oversold scenarios, alert only generated if CCI increases by 5 or less
Re: CCI_Flat_Extreme_Alert
7510109079 · Mon Sep 18, 2017 5:02 am
awesome, many thx Apprentice
Re: CCI_Flat_Extreme_Alert
7510109079 · Mon Sep 18, 2017 5:55 am
heads up - It misses certain signals
Looks like if conditions are correct for a signal BUT BOTH start and end values are still above/below the overbought/oversold levels respectively at close then no alert is given. My fault i think as i was not clear in my specification
N.B. CCI line does not have to cross over the OB/OS line for signal to be valid. Even if line stays outside OB/OS lines its still a valid signal (actually more valid)
So it would be good to distinguish between the two types: outer and crossover alerts.
Once the code acknowledges the outer signals, could you add “outside/cross/both” filter option so we can choose to display alerts that are completely in the OB/OS zones, alerts that are crossing OB/OS zone, or to display both types
many thx in advance
Re: CCI_Flat_Extreme_Alert
Apprentice · Tue Sep 19, 2017 4:31 am
Your request is added to the development list, Under Id Number 3898 If someone is interested to do this task, please contact me.
Re: CCI_Flat_Extreme_Alert
Apprentice · Wed Sep 27, 2017 4:59 am
can you explain it alert will be given in we have “Maximum change” inner will be given if cci < OB and cci > OS we will have other if cci > OB or cci < OS
Re: CCI_Flat_Extreme_Alert
7510109079 · Wed Oct 04, 2017 11:22 am
My apologies Apprentice for the delayed reply.
I will try and clarify:
User specifies CCI OB value (X1) Will be a pos value User specifies CCI OS value (X2) Will be a neg value User specifies CCI Maximum Change value (Y) At any time on the chart, the indicator compares CCI of Current bar (C) with Previous bar (P)
For a OB scenario: IF P>X1 AND (P-C)<Y THEN DOWN Alert
For a OS scenario: IF P<X2 AND (C-P)<Y THEN UP Alert N.B. we use (C-P) because we are dealing with neg values of CCI
To avoid confusion, once CCI has crossed into OB/OS territory, we no longer care about it re-crossing the OB/OS line. Instead we focus on whether delta Y fits the criteria
I hope this clarifies. If not I can post some graphics to illustrate further
many thx
Re: CCI_Flat_Extreme_Alert
7510109079 · Wed Oct 04, 2017 11:44 am
The theory behind this indicator is that flat values of CCI indicate that momentum has vanished and this can (at the proper TF and CCI period) alert to a next candle reversal
Re: CCI_Flat_Extreme_Alert
Apprentice · Thu Oct 05, 2017 4:23 am
Try this version.
Re: CCI_Flat_Extreme_Alert
7510109079 · Thu Oct 05, 2017 4:39 am
many thx. I am starting testing
Re: CCI_Flat_Extreme_Alert
7510109079 · Thu Oct 05, 2017 5:19 am
Excellent programming. It catches both pos and neg gradient flat tops/bottoms
Many thx indeed apprentice
Re: CCI_Flat_Extreme_Alert
7510109079 · Fri Oct 06, 2017 11:24 am
Hi Apprentice, how easy is it to include a Live Alert option?
Re: CCI_Flat_Extreme_Alert
Apprentice · Fri Oct 06, 2017 12:24 pm
Execution parameter is already available. Can you clarify?
Re: CCI_Flat_Extreme_Alert
7510109079 · Tue Oct 10, 2017 7:28 am
Nice example of a 5min reversal
Re: CCI_Flat_Extreme_Alert
7510109079 · Tue Oct 10, 2017 9:16 am
Apprentice wrote: Execution parameter is already available. Can you clarify?
My apologies. I am not sure what happened. I must be using an older version. If I look at the code of the one i am using (attached), the Live code lines are there but commented out (not active).
You are right, the current version does have the LIVE option. I notice you have also fixed the direction so only maximums going toward centre zero-line are shown.
However some legitimate alerts are missed by the updated version. See image for example. Can this be looked into, thx
Re: CCI_Flat_Extreme_Alert
7510109079 · Tue Oct 10, 2017 9:55 am
I had another look at the current lua again: seems to only recognise alerts where the CCI line is actually crossing the OBOS line
Re: CCI_Flat_Extreme_Alert
Apprentice · Wed Oct 11, 2017 3:52 am
For the second version, alert will be given every time, we are in OB or OS Zone and the CCI change is smaller than Maximum.
A) if CCI[period] > OB and math.abs(CCI[period]-CCI[period-1])<= Maximum
B) if CCI[period] < OS and math.abs(CCI[period]-CCI[period-1])<= Maximum
Re: CCI_Flat_Extreme_Alert
7510109079 · Wed Oct 11, 2017 5:02 am
If i look at the code I see 4 instances similar to below:
if CCI[period] > OB and CCI[period-1] <= OB and math.abs(CCI[period]-CCI[period-1])<= Maximum then
Re: CCI_Flat_Extreme_Alert
7510109079 · Wed Oct 11, 2017 5:11 am
following on from last post (pressed Submit button early):
We are not concerned with the current CCI value in relation to OB/OS
We only need to know that previous CCI value was above OB (or below OS) and That current CCI value fulfils Maximum condition
Re: CCI_Flat_Extreme_Alert
7510109079 · Fri Oct 13, 2017 5:48 am
ok , dont worry about this. It works alright
Re: CCI_Flat_Extreme_Alert
Apprentice · Fri Aug 17, 2018 6:35 am
The Indicator was revised and updated.