SHI Channel and Sniper CCI Trigger explain? | Forex Factory

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SHI Channel and Sniper CCI Trigger explain?

  • #1
  • First Post: Jan 9, 2007 8:15am Jan 9, 2007 8:15am
Hey, can you explain to me how exactly they work and what they tell me?

Do the channel lines in SHI act as levels, and why? What makes the Sniper CCI oscillator any different from any other oscillator like stoch and rsi?

How are oscillators in general different from each other like stoch ,ris, momentum, etc etc... so many...

I'm trying to make a system that I can trade every day (20+pips). So far I'm not liking any of the pivot indicators here (either just wrong, weird, can't shift, or no weekly/monthly).

I'm thinking about the SRDC II, which looks all right, but I wanted to know what these indicators tell me, they don't seem to be ordinary textbook indicators.
  • #2
  • Jan 9, 2007 8:45am Jan 9, 2007 8:45am
I don't know anything about the SHI channels, but the ergodic cci is used to trade the CCI Hook from Extreme (HFE) pattern. The cross of the ergodic is a more accurate indicator of when to trade than the CCI hook, which may occur while price is still moving ahead. The ergodic doesn't cross until price has actually turned and confirmed the hook. The ergodic cross is best traded when the CCI is above the 100 level. Lower than that it may not be accurate or way too late. This means that it's basically a top and bottom picking indicator. SHI channels don't appear to be anything more than trend lines drawn from recent highs and lows.
  • #3
  • Jan 9, 2007 9:52am Jan 9, 2007 9:52am
Quoting Skyhr
Hey, can you explain to me how exactly they work and what they tell me?

Do the channel lines in SHI act as levels, and why? What makes the Sniper CCI oscillator any different from any other oscillator like stoch and rsi?

How are oscillators in general different from each other like stoch ,ris, momentum, etc etc... so many...

I'm trying to make a system that I can trade every day (20+pips). So far I'm not liking any of the pivot indicators here (either just wrong, weird, can't shift, or no weekly/monthly).

I'm thinking about the SRDC II, which looks all right, but I wanted to know what these indicators tell me, they don't seem to be ordinary textbook indicators.
Hi,

SHI is a complex beast, but you can get some info here:

http://www.forexfactory.com/forexfor...0&postcount=97

The poster, Lou G, may be able to give you further technical explanations.

Regards,
  • #4
  • Jan 10, 2007 3:00am Jan 10, 2007 3:00am
Quoting Skyhr
Hey, can you explain to me how exactly they work and what they tell me?

Do the channel lines in SHI act as levels, and why? What makes the Sniper CCI oscillator any different from any other oscillator like stoch and rsi?

I'm thinking about the SRDC II, which looks all right, but I wanted to know what these indicators tell me, they don't seem to be ordinary textbook indicators.
Hi,

One more thought, SRDC no longer uses SHI. You may wish to read the following document before you take your studies any further:

http://accrete.com/fx-srdc/SRDC_Level_II-V2.pdf

There's also lot of other useful information indicators etc at the site listed below.

Regards,
  • #5
  • Jan 10, 2007 6:38am Jan 10, 2007 6:38am
Quoting exastris
Hi,

One more thought, SRDC no longer uses SHI. You may wish to read the following document before you take your studies any further:

http://accrete.com/fx-srdc/SRDC_Level_II-V2.pdf

There's also lot of other useful information indicators etc at the site listed below.

Regards,
I see. Now how's the LRC different from the SHI? I figure the SHI uses 24 level fractals to determine channels - what does the LRC do?
  • #6
  • Last Post: Jan 10, 2007 9:44am Jan 10, 2007 9:44am
Quoting Skyhr
I see. Now how's the LRC different from the SHI? I figure the SHI uses 24 level fractals to determine channels - what does the LRC do?
With respect to SRDC II, like I say, SHI is no longer relevant.

For further technical details on LouG's implemenation of these and other related indicators, I would suggest that you contact LouG.

http://www.forexfactory.com/forexfor...&postcount=349

http://www.forexfactory.com/forexfor...&postcount=351

Regards,
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