At this time, purchasing EASY Bot items is not available to all members. Read more - how to get access to purchase

CCI Indicator

Find the Right Edition That Fits You
Scalperology Ai MT5
Global
Pairs: AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
XAU/USD
XAG/USD
XBT/USD
30-Day Profit: 37.65%
7-Day Profit: 35.49%
Support: 24х7 via Telegram
Try Demo 🏆
Breakopedia Ai MT5
Global
Pairs: AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
XAU/USD
XAG/USD
XBT/USD
30-Day Profit: 24.18%
7-Day Profit: 17.76%
Support: Developer
Free 🎁

What is the CCI Indicator?

The Commodity Channel Index (CCI) is an oscillator that measures the strength behind price movements. It helps traders identify who is in control: bulls or bears. By comparing the current price with previous values, the CCI determines the strength of upward or downward price movements. 📈

How to Calculate CCI?

The calculation of the CCI involves several steps:
  • Determine the typical price by averaging the high, low, and close prices.
  • Calculate the simple moving average (SMA) of the typical price over a specified period, commonly 14 days.
  • Compute the mean deviation by averaging the absolute differences between the typical price and the SMA.
  • Apply the CCI formula: (Typical Price - SMA) / (0.015 * Mean Deviation).

    • Interpreting CCI Values

    The CCI values oscillate above and below a zero line, typically ranging between +100 and -100. Here's how to interpret these values:
  • Values above +100 indicate overbought conditions, suggesting a potential price reversal or pullback.
  • Values below -100 indicate oversold conditions, signaling a possible price increase or bounce.
  • Values near zero suggest a weak trend or consolidation phase.

    • Trading Strategies Using CCI

    Traders use the CCI in various strategies to enhance their trading decisions:
  • Overbought/Oversold Strategy: Buy when the CCI crosses above -100 from below, and sell when it crosses below +100 from above.
  • Divergence Strategy: Look for divergences between the CCI and price movements to identify potential reversals. For example, if the price makes a new high but the CCI does not, it may signal a bearish reversal.
  • Trend Following Strategy: Use the CCI to confirm trend direction. Buy when the CCI is above zero and sell when it is below zero.

    • Advantages of CCI

    The CCI offers several benefits for traders:
  • It helps identify overbought and oversold conditions, providing potential entry and exit points.
  • It can be used across different timeframes and markets, making it versatile.
  • It complements other technical indicators, enhancing overall trading strategies.

    • Limitations of CCI

    Despite its advantages, the CCI has some limitations:
  • It can generate false signals during choppy or sideways markets.
  • It may lag during strong trending periods, leading to delayed entries or exits.
  • It requires additional confirmation from other indicators or price action to improve accuracy.

    • Examples of CCI in Action

    Several trading systems and robots utilize the CCI indicator to enhance their performance:
  • ATR Accelerator Indicator: This indicator informs traders about strong price movements based on the ATR Indicator, providing additional confirmation for CCI signals.
  • Highly Configurable CCI Indicator: This tool offers customizable alert functions, multi-timeframe ability, and color customization, making it a robust choice for traders.
  • Advanced CCI Trading Bot: This versatile tool allows traders to create unique strategies based on the CCI indicator, including features like dynamic lot size, trailing SL and TP levels, and account protection.
    • Embrace the power of the CCI indicator to enhance your trading strategies and make informed decisions in the Forex market! 🚀

    Get ready to be blown away by 'Trend Wind'! This EA, developed by Li Ling, is like a breath of fresh air in the world of Forex trading. With its unique blend of RSI and CCI indicators, it promises to capture market momentum with precision. But is it all just hot air? Let's find o ...

    Release Date: 23/02/2024

    Tipu CCI
    MT4 Trading Indicators MT4

    Easy Rating: 5/1

    MQL Rating: 4.71/23

    CCI Indicator Forex Trading

    Trading in Forex is like trying to dance on a tightrope - thrilling but oh-so precarious! Enter Tipu CCI, the seemingly magical indicator that promises to guide you along the narrow path to profitability. But with great power comes great responsibility, so is this indicator your ...

    Release Date: 14/01/2016

    Welcome to the dramatic (can we say *potent*) world of trading indicators, where the only thing more unpredictable than your next trade is your coffee machine's will to obey! Here we shine a spotlight on the 'Commodity Channel Index Corrected' and its alleged superiority over the ...

    Release Date: 02/02/2023

    Sign in \ Up
    Sign in \ Up

    Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.