CCI Hook Reversal Strategy (Python)

The CCI Hook Reversal uses the Commodity Channel Index as a trigger when it hooks away from an extreme reading. After the indicator pushes above +100 or below -100 it often snaps back quickly as momentum stalls. Long trades occur when CCI turns up from oversold while price still prints a marginal new low. Shorts are initiated when CCI rolls over from overbought with price poking to new highs. Each trade carries a small fixed stop and is exited when the CCI hooks back in the opposite direction or the stop is reached.

• Entry Criteria: indicator signal

• Long/Short: Both

• Exit Criteria: stop-loss or opposite signal

• Stops: Yes, percent based

• Default Values:

• CandleType = 15 minute

• StopLoss = 2% [*]Filters:

• Category: Reversal

• Direction: Both

• Indicators: CCI

• Stops: Yes

• Complexity: Intermediate

• Timeframe: Intraday

• Seasonality: No

• Neural networks: No

• Divergence: No

• Risk level: Medium