Woodies CCI Zero-Line-Reject Indicator
This indicator identifies the Zero-Line-Reject pattern introduced by Ken Woods in Woodies CCI System.How To Trade
Its interpretation is simple:
When a ZLR Pattern is identified or is close to being formed, the indicator draws a line on the chart (Blue for long, Red for short).
When price go beyond that level - we enter the trade. If price doesn't break the line - don't enter.
When the line dissapears - trade is no longer valid.
Screenshot
Parameters
CCI.Period - The period of CCI (Commodity Channel Index) Indicator to use. Default is 14.
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