How to use CCI Indicator ?
Indicator oscillator which can tell you bearish or bullish a forex market is CCI Commodity channel index Forex indicator. CCI indicator Forex can tells the volatility of a forex price , as bollinger bands forex indicator.
How the CCI commodity channel index forex indicator is constructed ?
How the Commodity Channel Index (CCI) is formed
CCI forex indicator is based on how volatile the forex price fluatuations have been and the average of last price fluctuation.
If the forex market is bullish , the CCI commodity channel index forex indicator will also be bullish. CCI forex indicator moves bullish depends on the market price volatility. If market price is more volatile, The CCI indicator Forex will move bullish faster. If the market price is less Volatile , The CCI indicator Forex will move bullish slower.
How to Use CCI Indicator ?
CCI forex indicator provides entry and exit trading signals,
CCI Forex indicator entry signals - When CCI indicator Forex moves up above 100 level and go down below the 100, we can make entry short position, and if CCI reverse and begins moving higher after we have a short position, we can put our stop loss level above the resistance level
When the CCI forex indicator moves down below -100 and then do up above -100 , so we can make entry long position , and if CCI reverse and begins moving lower after we have a long position , we can put our stop loss level bellow the support level
CCI commodity channel index indicator
- CCI forex indicator can determine potential reversal levels
- CCI forex indicator shows volatility in the market.
- CCI Forex indicator tells strength of market trends
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Forex is simple follow the trend and you will rich.
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