Best CCI for 4 H Cryptocurrency Chart

How to Add CCI Bitcoin Technical Indicator in MetaTrader 4 Software

Step 1: Open the Navigator Window on BTCUSD Trading Platform

Open Navigator window as illustrated and shown below: Navigate to 'View' menu (click it) and then select 'Navigator' window (click), or From Standard Tool Bar click 'Navigator' button or press keyboard short cut keys 'Ctrl+N'

On the Navigator window, select 'Technical Indicators', (DoubleClick)

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Adding CCI MT4 Cryptocurrency Chart Indicator

Expand the menu by clicking the expand button marker (+) or double click the 'indicators' menu, after this the button will appear as (-) and will now display a list as shown below - select the CCI indicator from this list of bitcoin indicators so as to add the CCI indicator on the bitcoin chart.

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How to Add Custom CCI Bitcoin Technical Indicator in MetaTrader 4 Software

If the CCI technical indicator you want to add is a custom indicator - for example if the CCI technical indicator you want to add is a custom indicator you will need to first add this custom CCI crypto indicator in MetaTrader 4 software and then compile custom bitcoin CCI indicator so that the newly added CCI custom bitcoin indicator appears on the list of bitcoin custom indicators on the MT4 platform.

To learn how to install bitcoin CCI indicator on MetaTrader 4, how to add CCI indicator window to MT4 and how to add CCI custom indicator on MT4 - How to add a CCI bitcoin custom indicator in MetaTrader 4.

CCI Crypto Technical Indicator Described

Commodity Channel Index

CCI technical indicator measures the variation of bitcoin price from its statistical mean(statistical average).

This Commodities Channel Index technical indicator is an oscillator which oscillates between high levels and low levels

When the Commodities Channel Index technical indicator is high it shows that bitcoin price is unusually high when compared to its average.

When the Commodities Channel Index technical indicator is low it shows that bitcoin price is unusually low compared to its average.

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CCI BTCUSD Indicator Technical Analysis and Generating BTCUSD Signals

CCI Overbought & Oversold Bitcoin Trading Levels

CCI technical indicator typically oscillates between ±100.

CCI Bitcoin Indicator values above +100 indicate overbought conditions and an impending bitcoin price correction.

CCI indicator values below -100 indicate an oversold conditions and an impending bitcoin price correction

Buy BTCUSD Signal

If Commodities Channel Index technical indicator is over sold, levels below -100, then there is a pending bitcoin price correction.

The CCI over sold levels will remain intact until Commodities Channel Index technical indicator starts to move above -100.

When bitcoin price starts moving above - 100 then that's interpreted as a buy bitcoin trading signal.

The CCI indicator buy cryptocurrency signal should be combined with a bitcoin trendline break signal to confirm the buy bitcoin trading signal.

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Sell Bitcoin Signal

If the Commodities Channel Index technical indicator is over bought, areas above +100, then there is a pending bitcoin price correction.

Over bought levels will remain intact until CCI technical indicator starts to move below +100.

When CCI starts moving below +100 then that is a interpreted as sell bitcoin trading signal.

This CCI indicator bitcoin sell trading signal should be combined with a bitcoin trendline break signal to confirm the sell bitcoin trading signal.

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Divergence BTCUSD Trading

Bullish Bitcoin Divergence

Bullish bitcoin divergence occurs when bitcoin price is forming new lows while the CCI technical indicator is failing to surpass its previous low.

This is a buy bitcoin signal because the bitcoin divergence will be followed by an upwards bitcoin price correction.

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Bearish BTCUSD Divergence

Bearish Bitcoin Divergence occurs when bitcoin price is forming new highs while the CCI technical indicator is failing to surpass its previous high.

This is a bearish cryptocurrency signal because the divergence will be followed by a downward bitcoin price correction.

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