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Forex Trading

True Trend CCI for Trend Trading

14 comments

in Trend Trading

While CCI trading I discovered and created a simple yet powerful indicator that is the best way to define the trend I have ever seen. 14 years of trading taught me that price action is everything and using an indicator to trade with the trend is very helpful.

Here is how it works. The green bars above or the red bars below the zero line are the True Trend and show if the current trend is up or down. Any reading of the true trend above the zero line is positive and means an uptrend in the market while any reading below the zero line negative or a downtrending market.

The thin blue line is called the EntryCCI. We use this to show when price is overbought or oversold against the trend. We are looking for the EntryCCI to be puled away opposite to the trend to have a setup and then wait for price to resume back toward the current trend.

True Trend Settings Modified

Here is the True Trend indicator settings for the inputs of the TrendCCI and EntryCCI periods:

 scanning the markets settings

Here are the settings I use on the color tab so that your True Trend can match mine including the blue EntryCCI:

Color tab settings

Here are the settings I use for my charts (ignore the moving average in the chart above as it is not used):

Chart Settings

Here is the download link for the True Trend indicator.

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{ 13 comments… read them below or add one }

Peter Petrov December 3, 2012 at 8:34 pm

Throughout the time I have been trading, I also find the CCI one of the most useful indicators. Nice combo there with 20 and 3 periods looks good. I look at the MACD as well. Probably those are the most useful indicators of the all!

Reply

perry mazza January 16, 2013 at 4:26 pm

Jordan,

Thank you. This trend indicator is the best. I am using the true trend on my metatrader 4 and it is amazing.

One question. When will you continue with your youtube videos?

Reply

jordan January 18, 2013 at 8:34 pm

Look for me to resume videos in the week to come.

Reply

perry mazza January 19, 2013 at 7:03 pm

Just a little background. I am a self trader actively trading the six USD pairs and EJ during the London and New York sessions on the one hour charts. I batch trade when there is correlation; however, this hasn’t been the case in recent months. Therefore, I’ve had to adjust my strategy. This forex trend indicator has been a big help to my trading while I wait for correlation to return to the market.

Have a great weekend.

Perry

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shahdol abdul mutalib January 25, 2013 at 4:42 am

Can i used this trend indicator for any time frame or is the daily time only suitable?

Thanks alot

regards

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jordan January 25, 2013 at 8:28 pm

The true trend indicator can be used on all time frames in order to best see the trend. It works excellent on all time frames.

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kk phantom June 22, 2013 at 5:13 pm

Hi Jordan, nice work with this trend indicator, but it is still foggy, are you trading only one H8 candle or more? you were talking about the criteria of entering, clear, but what about the criteria of exiting? please advise.
Beast regards
Kkphantom

Reply

jordan June 27, 2013 at 5:01 pm

I use the true trend indicator on all time frames and truly it is the best trend indicator to first show you the trend and also when price is oversold or overbought against the trend which provides excellent entries. In the youtube videos I will get into exits as they occur on current trades.

Reply

eitan October 3, 2013 at 8:41 am

hello jordan,first of all its best indicator i have ever seen!!!secondly,i have an Q..,do u use another indicator for beter confirmation?and can i use it with small tfs like 15,30 min?,

thank in advance,

Eitan.

Reply

Samson November 4, 2013 at 7:32 pm

Is this indicator useful on lower time frames, like the 1H 30M 15M

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Kwame Affum February 3, 2014 at 10:58 am

Hi Jordan, can you please explain further how to use the entrycci line to trade

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Bob February 21, 2014 at 11:54 am

I’m using the Iamfx.com demo chart. When I inserted this indicator
in the Experts/Indicators file, it doesn’t show up on the chart.
Why not? Any explanations from anyone?

Reply

MOHAMMED YASSER N.H. June 5, 2014 at 3:28 pm

Hello! Jordan
I brief about myself, I was a S.A.P. consultant for Ernst&Young, the love of this forex trading made me quite my job, now it is 5 years that I am in this forex business, Jordan to be frank I tried a lot of indicators but as you say price is the ultimate indicator.

I want to tell you, all these years I have not had any success, Jordan, I am a scalper, I want to know from you, can I use it on 1 min. & 5 min Timeframe.

Kindly, help please, I am looking forward to hear from you brother.

Thank You,
MOHAMMED YASSER N.H.

Reply

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