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"WK,
You've touched on this but can you expand on how you determine that a BB entry trumps your CCI rules?? and how you would manage it?
Thanks for your all of your efforts on this thread."
CB
It is important to remember that the BB setups usually offer the best entry and exits, but one cannot always count on the price to move from one outer BB to the other, even though, in a non-trending market, it frequently does. Once in a trade, no matter what the entry, always look to get the best exit, which is usually the opposite outer BB. But you already know the other exits, if the BB exit doesnot happen. Also, remember to ride the BBs when in a trade and reverse on pullback and then a subsequent move back to the outer BB. This not only gives the best exit and reversal entry, it also is usually a safe trade and with a 10 tick stop, you will seldom concern yourself with that. Look at all the charts you can and it will become evident to you just what I am saying. That 10 tick stop does not apply to CL or the more volital futures. It works well on TF (usualy) & ES. It may also work well on NQ, although I have not been trading it. Check and see what is required on whatever you trade.
Look again at the attached charts as examples.
Good trading and good night.
WK
MWinfrey, nice job on your indicator. I was wondering would it be possible to reset the counter (1..5) when it reaches 5 and start a new sequence (1..5) when the histogram bar closes above/below the threshold +45/-45 and the same histogram bar is greater than the preceeding histogram bar in an uptrend and vice versa in a downtrend ? The idea would be to process multiple entries for an extended directional move or a strong move that offers multiple entries.
The DrawText() of the numbering, sets the background to black, that assumes everyone is using a chart with black background. The numbering is illegible on charts of any other background color then black. You can change that by making the background transparent/empty. I guess the dot coloring can't be change if you are using a plot rather then DrawDot(). Thanks for all the great and free work on these indicators.