Indicator CCI
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Thread: Indicator CCI

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    Indicator CCI

    I would like to discuss about Indicator CCI review in this Thread or contest. "Forex Indicator's" is a new style of contest, and I am ready to share my review on this with all forum members, moderator's and admin. It's great that admin sir brining many new contests every year in this forum and forum member's are taking full advantage of it.

    Description of Commodity Channel Index (CCI)

    The full form of CCI is Commodity Channel Index developed by Donald Lambert,. CCI is an oscilator indicator that helps trader's to show an currency pair or commodity overbought and oversold position. This indicator show the end of a trend and a change in direction. This is a good indicator for scalper's, and good oscilator like stochastic. This type of indicator helps trader's to enter in the trend when it begin, or exiting the trade's when market trend move against you.

    Calculation of Overbought and Oversold:

    The calculation of overbought and oversold position is very easy in it. When market will go above +100 then its a overbought condition and after that price may start moving down, and when market will go below -100 then its a oversold condition and after that price may start moving up.

    Features of CCI

    1. CCI is a good indicator and give better signals on starting of a major trend in the market. If trader's have a good skill and experience of the market, then they can use CCI to make their trading confirmation more stronger to enter in trend market on a right time.

    CCI 2.JPG

    2. CCI is a good indicator for scalper's. If you have a very low target of pips on monthly bases then you can use cci in your trading strategy to use as a scalper indicator. Scalper's can use CCI in H1 and lower time frames.

    3. There are a lot of trader's in forex market who like to do trade with the concept of divergence and convergence, this is also a good indicator's for these type of trader's. There are many types of effective indicator's for divergence and convergence trading in meta trader 4 and CCI is one of them

    4. CCI is a very good indicator for breakout trading system too, because they concept of trading is always same in this indicator, When market will go above positive 100 then there is possibility of sell, and when market will go below negative 100 then there may be a possibility of buy, but trader's should have a very good experience of breakout trading system first and they need a lot of demo practice and real trading experience for it.

    CCI.JPG

    Setting of CCI Indicator in Meta trader

    Now days there is no need to install CCI manually in any mt4 terminal. If you are using robo forex mt4 terminal then directly to your mt4 insert page, and from there you can select cci indicator. The custom setting of all default mt4 indicators are always best so I would suggest everyone to use the default setting in CCI.

    My Opinion regarding CCI Indicator..

    As far I know about CCI, its a good indicator for scalper's, In short term time frames a very good trading is possible with the help of CCI overbought and oversold concept. One more thing that is trading experience, most of all trader's have their own trading characteristic's, trader's can take their own timing to learn this type of trading concept. So I would suggest all novice trader's or those trader's who want to use CCI indicator in trading, they should start with demo testing first.

    Trader's can use other oscilator indicator's with cci to get a best quality of confirmation, because there is no control of any types of indicator's on the forex market. Don't forget the number one rules of this business to apply in trading that is Risk management and Money management. See Ya

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    Last edited by Khimi234; 05-23-2015 at 05:41 AM.

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    Finally I got it, I love to do trade with this type of trading strategy mostly in forex, Thanks for this thread but I am using stochastic and never tried to use CCI. I have a question for you which forex currency pair do you recommend to use this kind of trading strategy? So its only suitable for Nzd/Usd Pair only?

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    Quote Originally Posted by Earnperfect View Post
    Finally I got it, I love to do trade with this type of trading strategy mostly in forex, Thanks for this thread but I am using stochastic and never tried to use CCI. I have a question for you which forex currency pair do you recommend to use this kind of trading strategy? So its only suitable for Nzd/Usd Pair only?
    I would suggest you to follow Major forex currency pairs to use this type of trading strategy in your trading. Even you can do trade a lot of pair's, sir please do some practice in demo trading account first, and only if suitable for you, then you can go for it, otherwise follow your own trading system.

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    Nice dear, CCI is a very good lagging indicator, and best for short term trader's. I mostly use this for better confirmation regarding support and resistance points. We can find many good starting points of market trends too with the help of CCI. As a long term trader, its no one of my favorite indicator but I would suggest it to short term trader's.

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    Quote Originally Posted by Hukam View Post
    Nice dear, CCI is a very good lagging indicator, and best for short term trader's. I mostly use this for better confirmation regarding support and resistance points. We can find many good starting points of market trends too with the help of CCI. As a long term trader, its no one of my favorite indicator but I would suggest it to short term trader's.
    Because of its lagging nature, it could give false signals many time. I would suggest trader's to use couple of more indicators to make a correct confirmation about their market analysis. I am using it in on long term charts like H4, and I am still happy with its use in long term trading. As far I know any type of trader can use this, just need a lot of real trading practice.

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    Quote Originally Posted by Khimi234 View Post
    Because of its lagging nature, it could give false signals many time. I would suggest trader's to use couple of more indicators to make a correct confirmation about their market analysis. I am using it in on long term charts like H4, and I am still happy with its use in long term trading. As far I know any type of trader can use this, just need a lot of real trading practice.
    For a better confirmation we need better trading experience and knowledge, and that's a very good thing to use more indicator's like Stochastick, CCI, MACD RSI these all could be use at a same time to get a good conformation of our trading signal's. I don't have much expereince of this type of trading strategy and indicator's but I feel that people should not depend upon one single indicator to make any analysis.

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    Quote Originally Posted by Khimi234 View Post
    1. CCI is a good indicator and give better signals on starting of a major trend in the market. If trader's have a good skill and experience of the market, then they can use CCI to make their trading confirmation more stronger to enter in trend market on a right time.
    Quote Originally Posted by Khimi234 View Post
    2. CCI is a good indicator for scalper's. If you have a very low target of pips on monthly bases then you can use cci in your trading strategy to use as a scalper indicator. Scalper's can use CCI in H1 and lower time frames.
    I have not used this indicator so far though heard it and know little about it. You said first that CCI helps us to find strong trends in the market. And you also said it can benefit the scalpers. Can you give me some suggestions more on how can scalpers use it. Because I also do scalping lot of times. Thanks

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    Quote Originally Posted by forexlearner View Post
    For a better confirmation we need better trading experience and knowledge, and that's a very good thing to use more indicator's like Stochastick, CCI, MACD RSI these all could be use at a same time to get a good conformation of our trading signal's. I don't have much expereince of this type of trading strategy and indicator's but I feel that people should not depend upon one single indicator to make any analysis.
    Well yes depending upon one single confirmation is not good, that's why we should use more indicator's as you have mentioned your post, MACD, Stochastic, these could work well with CCI. I have specially made this thread for scalper's where they can small amount of pips in the direction of a short term market trend.

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    Quote Originally Posted by PROPENSITY100 View Post
    I have not used this indicator so far though heard it and know little about it. You said first that CCI helps us to find strong trends in the market. And you also said it can benefit the scalpers. Can you give me some suggestions more on how can scalpers use it. Because I also do scalping lot of times. Thanks
    Yes sir if you want to do scalping then you can use CCI as a short term trend finder indicator in the market. But first of all please tell me which type of time frame you want to use for the use of CCI indicator. In which time frame mostly you like to do scalping?. Give me the answer I would try to find out a best solution for you.

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    Oh I see, that's cool for a scalper indicator CCI could be a very good selection because its a lagging indicator and if a trader have good experience of its learning in scalping strategy then there is a possibility to gain good profit from the use of CCI and scalping trading strategy in forex. I am not a scalper so not want to use this indicator, but will suggest it to all scalper's.

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    Quote Originally Posted by forexlearner View Post
    Oh I see, that's cool for a scalper indicator CCI could be a very good selection because its a lagging indicator and if a trader have good experience of its learning in scalping strategy then there is a possibility to gain good profit from the use of CCI and scalping trading strategy in forex. I am not a scalper so not want to use this indicator, but will suggest it to all scalper's.
    Well its your decision so I not want to force you to use this indicator on your mt4 terminal. But yes its good for scalper's, here we go this is the screenshots where, short term trader can learn about scalping with short term market trend. CCI is best to utilize this type of market pattern's well for trading. I am sure all scalper's will love this. Check this:

    This is a May 2015, Euro/Usd Chart:
    Euro Usd.JPG

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    This is a combination of EMA 20, H1 time frame, CCI, and zig zag buy sell.

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