Reversal Screener based on CCI and ROC sharp movement

Reversal Screener based on CCI and ROC sharp movement

this Screener identifies sharp movements, pointing to a potential reversal.

It uses CCI and MA of CCI. for example the CCI is above a neutral zone (definable parameter) and the CCIMA is below the neutral zone and has been there for a long (definable parameter) time.

The ROC is used to identify only those instruments where significant price action has occured.

Of course other factors need to be appraised in your investment decision, don’t jump in too early!

 

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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  1. Balmora74 • 01/11/2020 #

    thanks for this code Philippo ! So if i understand well a Positive (+) EntryOK x ROC means a LONG signal and a Negative (-) EntryOK x ROC means a SHORTsignal ? And can we say that more important is EntryOK x ROC and more strong could be the reversal signal ?

  2. Dritan • 01/11/2020 #

    Hi Philippo,thanks for sharing this code.Can You add please Volume more than 250.00?Thanks

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