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