Changes: - red bars removed and replaced by silver ones - yellow bar (start of new trend) had been added - more parameters can be set in settings dialogue (SW constants as well)
+200 and -200 horizontal lines show sidewinder. Why are they different colors?
justjew
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I have the same question.
@vsov please give us an answer
vsov
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@justjew, actually, the code contains all answers. upper SW line turns green if sum of changes of LSMA and ema34 is greater than "Sidewinder higher th" which happen when price moves fast enough to force moving averages to show significant changes. lower SW line is green when price bar closes above ema34 and red if it closes under. both are good confirmation signals.
christoefert
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Excellent indicator, thanks for the code. I modified the colour scheme to match the Woodies a little bit more closely on mine. This is a great momentum oscillator combo'd with an overbought/oversold system. Very underrated indicator in my opinion. Well done.
REV0LUTI0N
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Thanks! I just learned about the Woodies CCI system and was extremely happy to find this indicator. I'm having a lot of success with it. If anyone is looking to understand it, Google Woodies CCI and read articles about it... you will find a lot of info on how to trade the system and how to use this indicator which is modeled after the system.