this is an indicator that is developed by Donald Lambert. Here is what you can use the CCI for: 1) As a buy and sell signal. The author advises to use CCI for entries and exits once CCI reaches /-100. Overbought Oversold, however there is nothing that works 100 of the time and below is one such example. Rules, for intraday trade between the hours of 06:00GMT and 16:00GMT. We can add up to a Short trade and hold till we find that CCI rises back above -100.
The moment it entered there, we could have placed a Buy order, since we know that a strong uptrend has been established. Designed for commodities, CCI has quickly found its application in other markets including Forex. Similar to the above long trade, you should exit your trade once the CCI move up to the -100 level. Once price moves higher above 100, a strong uptrend has been established.
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Positive Divergence, if you learn forex trading fundamentals see the price making lower lows while the CCI making higher lows, it is a sign of positive divergence and the market is going to produce an upward movement soon. CCI and its Zero line, an aggressive way to enter the market is to react to CCI's line crossing its zero level. Already known, a zone above Zero (bullish) and a Zone below zero (bearish). There is a variety of CCI indicators, just by looking at the screenshot below with various CCI versions, it becomes understandable - there is huge package of trading methods behind each simple and custom CCI indicator. Example, the CCI indicator has been a great help to my trading so far and it can be integrated into various type of trading methods due to its multi-features. Macd divergence, the CCI also produces positive and negative divergences. Commodity Channel Index (CCI commodity Channel Index (CCI) is a hugely popular indicator among traders. Opposite true for downtrends and readings below -100. What I am going to share with you today is what exactly this indicator can do for you and how you can integrate it to your trading plan.
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