Commodity Channel Index in short CCI indicator was basically made for the commodities but now it is used in all charting pairs like stocks, currencies, commodities, CFD's, and future,
The working of this indicator is simple, over a period of time, it compare the average price to the current price, its line fluctuate above and below the zero, which show the value in negative and positive, About 75% values falls between negative(100) and Positive(100) values, and remaining 25% value falls outside this range which indicate the strength and weakness of the price movement. The working of this indicator is shown above the picture, use this indicator in your MT4 and give us a feed back in comment area, Good luck..!!
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BalasHapus