Indicator CCI - Commodity Channel Index.
Through this indicator can I determine the trend formed, its change and turning point.
If you set the trend of technical analysis tools in the chart, you will see that the price of an asset moves in the conventional corridor. His extreme boundaries are numbered and -100 + 100. About 75% of all time value of the asset will be within this corridor.
That's what gives me signals forex indicator CCI:
1) If the indicator line rises into the overbought zone (above + 100), I've been waiting a turn and open the option a fall PUT. asset price will decline, as will seek to return to the scope of a conditional corridor.
2) If the indicator line is lowered into oversold territory (below -100), I've been waiting a turn and open the option to increase CALL. asset price will rise, because it will tend to return to the scope of a conditional corridor.
Configure CCI best with trend indicators.
