Woodies CCI Chart for Investor/RT

[LS_Chad 10]

I get frequent requests for Woodies CCI Chart from Investor/RT users, and I would like to put together an Invesetor/RT (and MarketDelta) chart which contains all of Woodies indicators and subsequently put together a web page which explains how to import and use this chart. I would appreciate any assistance in putting these indicators together. So let's just jump right into it.

 

Woodies LSMA Indicator

I had no problem implementing the LSMA Indicator which is green when price is above the 25 LSMA and red when below.

 

Woodies Chop Zone Indicator (CZI)

Quoting text from one of Woodies documents, "The Chop Zone indicator shows market direction. Blue shows up market and brown shows down market. Multiple colors show market in a sideways mode". Any help with the coding of this indicator would be much appreciated.

 

Woodies Sidewinder

Quoting text from one of Woodies documents, "The Sidewinder displays in three colors red, yellow, and green. The red shows a flat or non-trending market, the yellow shows a trending market, and the green shows a strong trending market." Again, any help with coding the Sidewinder would be appreciated.

 

Woodies CCI

From what I understand, Woody uses a bold black line to plot the 14 period CCI and a smaller red line to plot the 6 period CCI (also known as "Turbo"). This I was able to reproduce with no problem of course.

 

Woodies' CCI Trend Time-bars

Woody uses yellow, blue, and red histogram coloring to denote:

- yellow gives us warning of trend (5 consecutive bars with CCI above or below zero line)

- blue tells us we're in an uptrend (6 or more consecutive bars with CCI above zero line)

- red tells us we're in an downtrend (6 or more consecutive bars with CCI below zero line)

 

No problems implementing that as well. The chart below is what I've come up with to this point. Obviously I'm missing the chopzone and the sidewinder, and I would appreciated any help you can give me on those two. But otherwise, what else are we missing? Thanks in advance for any help. Also, is there a specific periodicity or group of periodicities that Woody trades? What instruments does he trade? And does he look at 24 hour data or just the days session? The chart below was built using 24-hour / globex data on the ES.

 

http://www.charthub.com/images/2009/02/09/WoodiesCCI.png

 

[brownsfan019 17]

Does anyone make any money using woodie's ideas? I see he's now in the business of selling DVDs.

[LS_Chad 10]

Does anyone make any money using woodie's ideas? I see he's now in the business of selling DVDs.

 

Honestly, I really don't know the answer to that. He does seem to have a pretty large following however, which is to some degree a measure of success. This thread is simply for trying to recreate Woodies chart in Investor/RT and MarketDelta. Let's try to limit the discussion in this thread to that if possible. There is another Woodies CCI thread I found on Trader's Lab that might be a better place for those types of questions: http://www.traderslaboratory.com/forums/f30/woodies-cci-technique-2103.html

 

Thanks,

Chad

[OAC 10]

Does anyone make any money using woodie's ideas? I see he's now in the business of selling DVDs.

 

If you study Woodie's, Dr. Bob's, Walterw's ,and you come up with your own techniques through observation and execute them in the right CONTEXT, and follow both the signals and the signal failures in multiple timeframe, then yes CCI works great.

[HAL9000 10]

Hi, actually I don't intended to post a reply.

 

But now I do. When I turned to futures, I discovered Woodie,

I learned something about Money Management there (from others)

and about the CCI.

 

I will not judge about Woodie, I also don't know, if his system works,

or not. I have tried to back test his patterns (with no success, maybe my fault).

 

Well, some time ago; I got many, many emails to buy Woodies DVD's, that's why I understand Brown.

 

But in fact, I think, I understand all of you.

 

My personal opinion about Woodies strategies is, that he prays to ignore price, but isn't the CCI an oscillator? And what is an oscillator?

 

Anyway, the CCI is useful, and even Woodies CCI might be (more) useful, if

someone uses it right (within the right context).

 

Lets just talk about the indicator (tool) here.

 

PEACE

 

 

P.S.: It is an OT here, but I trusted Bolze (I never was a client of him). Do you have heard about him?

And now I stay quiet on OT's and Woodie.

[LS_Chad 10]

I spoke with Woodie today and after I receive and sign a non-disclosure agreement, he's going to share the details of the indicators mentioned above so I can incorporate them into Investor/RT and MarketDelta. I'll try to make this available in the next few weeks. I won't be able to share the details with you due to NDA (so please don't ask), but I/RT and MD users should have be able to chart all of Woodies indicators soon.

[LS_Chad 10]

Making progress. Will be available in version 9.2 coming out next week.

 

http://www.charthub.com/images/2009/02/20/WoodiesCCI

 

[LS_Chad 10]

Gentlemen,

 

This is not the place to debate the merit of Woodies methodology. Please start a thread outside of the Investor/RT forum if you wish to do so.

 

Thanks,

Chad