Best CCI Setting for H1 BTCUSD Chart
How to Add CCI BTCUSD Trading Indicator in MetaTrader 4 Software
Step 1: Open MetaTrader 4 Software Navigator Window
Open the MetaTrader 4 Navigator window as shown below: Navigate to "View" menu (click) & then select "Navigator" window (click), or From the Standard Tool Bar click on the "Navigator" button key or use keyboard short cut keys "Ctrl +N"
On the MT4 Navigator window panel, choose "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 BTCUSD Trading Indicator in MetaTrader 4 Software
If the CCI technical indicator you want to add is a custom MT4 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 on the MT4 software and then compile custom bitcoin CCI indicator so that the newly added CCI custom bitcoin indicator appears on the list of bitcoin custom MT4 cryptocurrency indicators on the MT4 software.
To learn how to install bitcoin CCI indicator on MT4, how to add CCI indicator window panel to MetaTrader 4 & how to add CCI custom MT4 indicator in MT4 - How to add a CCI bitcoin custom MT4 indicator in MT4.
CCI Crypto Technical Indicator Described
Commodity Channel Index
CCI indicator measures the variation of bitcoin price from its statistical mean ( statistical average ).
This CCI indicator is an oscillator which oscillates between high zones and low levels
When the CCI technical indicator is high it shows that bitcoin price is unusually high when it is compared to its average.
When the CCI technical indicator is low it shows that bitcoin price is unusually low when it is compared to its average.
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CCI BTCUSD Trading Indicator Technical Analysis & How to Generate BTCUSD Signals
CCI Overbought and Oversold Bitcoin Trading Levels
CCI technical indicator typically oscillates between ±100.
CCI Bitcoin Indicator values above +100 indicate overbought conditions and an impending bitcoin trading price correction.
CCI indicator values below -100 indicate an oversold conditions and an impending bitcoin trading price correction
Buy BTCUSD Signal
If CCI technical indicator is over sold, zones below -100, then there is a pending bitcoin trading price correction.
The Commodity Channel Index oversold zones will remain intact until Commodities Channel Index technical indicator starts to move above -100.
When bitcoin trading price starts moving above - 100 then that's interpreted as a buy bitcoin trade signal.
The CCI indicator buy cryptocurrency signal should be combined with a bitcoin trading price trendline break signal to confirm the buy bitcoin trade signal.
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Sell Bitcoin Signal
If the Commodities Channel Index technical indicator is over bought, levels above +100, then there is a pending bitcoin trading price correction.
Overbought zones will remain intact until CCI technical indicator starts to move below +100.
When Commodity Channel Index starts moving below +100 then that's a interpreted as sell bitcoin trade signal.
This CCI indicator bitcoin sell trading signal should be combined with a bitcoin trading price trendline break signal to confirm the sell bitcoin trade signal.
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Divergence BTCUSD Trading
Bullish BTCUSD Divergence
Bullish bitcoin divergence occurs when bitcoin price is forming new lows while the CCI technical 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 trading price correction.
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Bearish Bitcoin Divergence
Bearish Bitcoin Divergence occurs when bitcoin price is forming new highs while the CCI technical 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 trading price correction.
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