Best CCI for 4 Hour XAUUSD Chart
Adding MT4 CCI Indicator
Step 1: Open the Navigator Window Panel on Software
Open Navigator window as illustrated & displayed below - Go to 'View' menu (then click) & then select 'Navigator' panel (click), or From the Standard Tool-Bar click 'Navigator' button key or press short cut keyboard keys 'Ctrl+N'
On Navigator panel, choose 'Indicators', (Double Click)
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Step 2: Expand the Indicators Menu on the Navigator
Expand the expand button (+) 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 xauusd indicators so as to add the CCI technical indicator in the chart.
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How to Add Custom CCI Indicator to MT4
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 technical indicator in the MT4 software and then compile custom xauusd CCI indicator so that the newly added CCI custom indicator pops up on the list of custom indicators in MT4.
To learn how to install xauusd CCI indicator on MT4, how to add CCI indicator window to MetaTrader 4 and how to add CCI custom indicator in MT4 - How to add a CCI custom indicator on MT4.
CCI Indicator Described
Commodity Channel Index XAUUSD Technical Analysis & CCI Trade Signals
CCI technical indicator measures the variation of price from its statistic mean(statistic 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 price is unusually high when compared to the average.
When the Commodities Channel Index technical indicator is low it shows that price is unusually low compared to the average.
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CCI Indicator Technical Analysis and How to Generate Trade Signals
CCI Overbought and Oversold Trading Levels
Commodity Channel Index technical indicator typically oscillates between ±100.
CCI Indicator values above +100 indicate overbought conditions & an impending price correction.
CCI indicator values below -100 indicate an oversold conditions and an impending price correction
Buy Trade Signal
If Commodities Channel Index indicator is oversold, zones below -100, then there's a pending price correction.
CCI over sold levels will remain intact until CCI technical indicator starts to move above -100.
When price starts moving above - 100 then that is interpreted as a buy signal.
The CCI indicator buy signal should be combined with a trendline break signal to confirm the buy signal.
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Sell Trade Signal
If the CCI indicator is over bought, zones above +100, then there's a pending price correction.
Over bought levels will remain intact until Commodity Channel Index technical indicator starts to move below +100.
When CCI starts moving below +100 then that's a interpreted as sell signal.
This CCI indicator xauusd sell signal should be combined with a trendline break signal to confirm the sell signal.
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Divergence XAUUSD
Bullish Trading Divergence Setup
Bullish trade divergence occurs when price is forming new lows while the CCI technical indicator is failing to surpass its previous low.
This is a buy signal because the divergence will be followed by an upward price correction.
Best CCI for 15 Minutes Chart - Best CCI for 5 Minute Chart - Best CCI for 1 Minute Chart XAUUSD
Bearish XAUUSD Divergence Setup
Bearish XAUUSD Divergence occurs when price is forming new highs while the CCI technical indicator is failing to surpass its previous high.
This is a bearish signal because the divergence will be followed by a down-wards price correction.
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