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You ask less than 1/3 of what and why. As
for what, less than 1/3-1/4 of the cycle associated with the periodicity in
price during the period of interest (e.g., 5 years of weekly data, 1
week of 1 minute data, etc.). As for why, the inventor of CCI (forgot his
name) specified 1/3 in order to find the cyclical trend while keeping the mean
deviation in the denominator of CCI from becoming too noisy but others feel that
even smaller is better. Typically 14-20 is recommended but even
shorter values are used especially for daytrading. As for
references, the better TA textbooks discuss this stuff and I'm sure that
you can find much on the net with Google. It is not the holy grail,
requiring judgment calls with respect to deviation vis-a-vis price,
crossing of +/- 100, 200 levels, etc. As with all indicators,
it certainly should not be used in a vacuum but with other
indicators, chart analysis, crystal balls, moon phases, etc. Hope that
addresses your questions.
Bill
----- Original Message -----
Sent: Tuesday, March 13, 2007 3:48
AM
Subject: [amibroker] Re: DOW WAVES..... and the recent
fall in the DJI
> Hi
Bill
> Less than 1/3 (some say 1/4)
> Of What? Why?
> Could
you elaborate, or give me a link pse.
> Always interested in new
perspectives.
> Regds and thanks
> Gerard
>
> --- In
amibroker@xxxxxxxxxxxxxxx,
"wavemechanic" <fimdot@xxx> wrote:
>>
>> The time period
for CCI() should be less than 1/3 (some say 1/4)
> cycle. This
argues for a time period much below 200 for daily ^DJI.
>>
>>
Bill
>>
>> ----- Original Message -----
>> From:
"brian.z123" <brian.z123@xxx>
>> To: <amibroker@xxxxxxxxxxxxxxx>
>> Sent: Monday, March 12, 2007 7:58 AM
>>
Subject: [amibroker] Re: DOW WAVES..... and the recent fall in the
>
DJI
>>
>>
>> > Gerard,
>> >
>> > Bad news and good news.
>> >
>> > I
have put up a DowIndicator PDF in the group files (2 pages of
>> >
comment).
>> >
>> > The bad news is I critique your
indicator a little.
>> >
>> > Good news is I brought
along her sister, who is not too bad
> looking
>> > at first
glance.
>> >
>> > BrianB2.
>> >
>> > --- In amibroker@xxxxxxxxxxxxxxx,
"Gerard Carey" <gcfinance@>
>> > wrote:
>>
>>
>> >> For those interested in the indicator, Mr Dow
gives us here,
> just a
>> >> slightly different slant on
how to view the market (and our
>> > indicator).
>>
>>
>> >> Charles Dow, in the "Wall Street Journal",
January 31, 1901:
>> >> "A person watching the tide coming in
and who wishes to know the
>> > spot
>> >> which
marks the high tide, sets a stick in the sand at the points
>> >>
reached by the incoming waves..........
>> >>
>>
>> Again I've put the guff on an attachment to spare the
>
uninterested.
>> >>
>> >> Regds and good
trading
>> >> Gerard
>> >>
>> >>
--
>> >> http://www.fastmail.fm - I mean,
what is it about a decent email
>> > service?
>>
>>
>> >
>> >
>> >
>> >
>> >
>> > Please note that this group is for
discussion between users only.
>> >
>> > To get support
from AmiBroker please send an e-mail directly to
>> > SUPPORT {at}
amibroker.com
>> >
>> > For NEW RELEASE ANNOUNCEMENTS
and other news always check DEVLOG:
>> > http://www.amibroker.com/devlog/
>> >
>> > For other support material please check
also:
>> > http://www.amibroker.com/support.html
>> >
>> > Yahoo! Groups Links
>> >
>> >
>> >
>> >
>> >
>> >
>> > --
>> > No virus found in this
incoming message.
>> > Checked by AVG Free Edition.
>> >
Version: 7.5.446 / Virus Database: 268.18.7/711 - Release Date:
>
3/5/2007 9:41 AM
>> >
>> >
>>
>
>
>
>
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