There is no doubt about CCI working..... the real question is just how consistent is it? In the days when I used AIQ, I found it to be excellent in this respect. When I switched to Sierra Charts, there was a distinct difference due to the algorithm used to calculate the values. ( I had the use of both concurrently for a while). I never could get Sierra to emulate the AIQ version.
If you can say that you have used it over a long period, a year or so, and can also say that it consistently delivers, then all well and good .
I think we all know that Woodie uses it to very good effect every day to trade ES futures .
Secondly, is AIQ channel to keltner chaneel what wolfenwave is to Elliott wave - a refined "tweaked" version - or is it a totally diff't calculation?
The reason why I'm asking is that in my younger yrs I had really bad experiences on Bollinger and Keltner channels. They r superb in markets jibbering around but IMO tend to give out contrarian signals on penetration when the price slides along its boundary - which is obviously those 10+ pts trends u really want to capture. Of coz u can increase the number of sigmas - but then its becoming a joke IMO - u will trade once a month
Do u reckon AIQ is any better in that respect? many thx mate
Yes, it was AIQ systems. I never did get to the bottom of it as AIQ didn't ( couldn't or wouldn't) confirm the CCI algorithm. It was most likely a tweaked version of their own. I know for a fact that they had their own version of RSI called RSI_AIQ......
No, I don't think it was any better or worse than anything else, except the platform was out of the DOS ark and there was no such thing as a smoth indicator lines- they were all "stepped" from tick to tick.
it is amazing to me how many "big picture" lads on various websites have started preaching on the sell side - and how quickly they turned around on their heels - quicker than a pro tango dancer :cheesy:
this is how I c it. A quick penetration of the upper bound of the pitchfork - after an extended parabolic run - was rejected, which is not too surprising at all. However, we r firmly within the upper half of the pitchfork channel with its center line providing strong support around 1110.
I DO THINK that 1110 will be tested next week - just to give the springboard for a run back to the upper bound - which at that time will be around 1160.