Understanding the Basics:
The Commodity Channel Index (CCI) is a well-known and widely utilized indicator among traders. While it can be an excellent tool, it sometimes generates false signals depending on market conditions. To tackle this issue, many traders incorporate filtering methods. Today, I’m excited to share a version that uses a step chart as a filter to refine your signals from the CCI.
What’s New in This Version:
This version employs a step chart to help reduce the number of signals produced by the CCI. The idea is to make trading decisions easier and safer. You can set the step size in CCI units, allowing you to define the minimal change you want to consider significant.
How to Use It:
Watch for color changes in the step bar to identify signals. When the color shifts, it’s time to pay attention!
