Super Woodies CCI is based on the the standard Commodity Channel Index. The CCI is an indicator which comes pre-installed on metatrader platforms and is an oscillator originally introduced by Donald Lamber in the 80s. It is a typical oscillating indicator where above a certain level it is considered overbought and below, oversold.
Woodie otherwise know as Ken Wood created the Woodies CCI trading system which was very pouplar a few years ago. There was, as there always is, a question of whether his trading room follows actually made any money from his system.
His system was based on trading patterns on the CCI indicator. This could involved drawing trendlines on the peaks and watch for a break up above the line just as you would a price trendline.
20 Halloween Costumes From Amazon All Traders will Actually Want To Wear
FREE DOWNLOAD 20+ Best Forex MACD-Moving Average Trading System
Forex Currency Trading Course : How to Trade Forex Successfully with U-TURN Cross Over Trading System
TOP10 BEST Full Time Forex Trader Trading System and Strategy
2 MACD Effortless Forex & Stocks Swing Trading Strategy
FREE DOWNLOAD Top 10+ Best Forex Trading Systems for Beginners
The Biggest Lessons You Have to Learn as a Forex-Currency Trader
Top 10 Super Effective High Profits Forex Heiken Ashi Trading System and Strategy
Trade Like a Top Athlete – How to Set Up a Professional Trading Journal
TOP 10 Best Bollinger Bands Forex Trading System and Strategy
I am trading for a while now with metatrader. Thank you for the article.
Its a great indicator for those who like to be able to look at an indicator once and get the ‘picture’ straight away.