Best CCI for Daily Chart Commodity Trading

Adding MetaTrader 4 CCI Indicator

Step 1: Open Navigator Window Panel on Commodities Trading Platform

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

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

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Adding CCI MetaTrader 4 Commodity Trading Chart Indicator

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

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How to Add Custom CCI Commodities Trading Indicator on MetaTrader 4

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 indicator on the MetaTrader 4 platform & then compile custom commodity CCI indicator so that the newly added CCI custom commodity indicator pops up on the list of commodity custom indicators on the MetaTrader 4 software.

To learn how to install commodity CCI indicator on MetaTrader 4, how to add CCI indicator panel to MT4 & how to add CCI custom indicator on MT4 platform - How to add a CCI commodity custom indicator on MetaTrader 4.

CCI Commodity Technical Indicator Described

CCI Commodity Analysis & CCI Trading Signals

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

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

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

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

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CCI Technical Indicator Commodity Trading Technical Analysis & How to Generate Signals

CCI Overbought & Oversold Commodity Trading Levels

CCI technical indicator typically oscillates between ±100.

CCI Commodity Technical Indicator values above +100 indicate overbought conditions & an impending commodity price correction.

CCI indicator values below -100 indicate an oversold conditions & an impending commodity price correction

Buy Trading Signal

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

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

When commodity price starts moving above - 100 then that is interpreted as a buy signal.

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

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Sell Trading Signal

If the CCI indicator is overbought, levels above +100, then there is a pending commodity 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 signal.

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

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Divergence Commodities Trading

Bullish Commodity Trading Divergence Setup

Bullish commodity divergence occurs when price is making new lows while the CCI indicator is failing to surpass its previous low.

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

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Bearish Commodities Trading Divergence Setup

Bearish Commodity Trading Divergence occurs when price is making new highs while the CCI indicator is failing to surpass its previous high.

This is a bearish commodity signal because the divergence will be followed by a downwards commodity price correction.

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