This indicator is unreal!! First let's look at the Option's CCI. We see a Zero Line Break confirmed on a Shamu pattern. (+2 points) Look at the 15 day ATR of the underlying (/ESM3) with a horizontal line break for the exit. (+1 point) This is confirmed with the Zero-Line Break (ZLB) and Shamu to the upside followed by a slingshot on the Today ATR of the underlying. (+3 points). Finally, we see a Hook from Extreme on the 180 day ATR of the underlying and a ZLB of the Turbo CCI (TCCI) & 89 line cross on the CCI. (+2.5 points).
All together, the entry was beautiful with 2 points of confirmation on the Option Chart alone. There were more indications to enter based of off the underlying, but to make sure I nailed the photo of the exit I had to shoot here.
And for the exit: Could not have timed it better. We had a CCI TLB on the Option itself with TCCI to -144 for 1.5 points; We had further confirmation with HLB on 15d ATR for 1 point; Today's ATR gave ZLB, Shamu, & Slingshot for 3 points; The longest interval, 180d ATR confirmed with TLB and ZLB of TCCI & CCI cross above -89 for 2 points.
The exit of this position was confirmed with a total of 7.5 signals!! All of these signals were ahead of the price action--further confirming Woodie's CCI is a leading indicator. It is the only one that consistently signals prior to the tick movements.
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