Best CCI Setting for H4 Gold Chart
How to Add CCI Gold Indicator on MetaTrader 4
Step 1: Open the MT4 Software Navigator Window Panel
Open the MetaTrader 4 Navigator window as shown below: Navigate to "View" menu (click) and then select "Navigator" window (click), or From the Standard Tool Bar click the "Navigator" button key or use keyboard short cut keys "Ctrl +N"
On the MetaTrader 4 Navigator window panel, select "Technical Indicators", (DoubleClick)
Best CCI Settings for 1 Hour Gold Chart - Best CCI Setting for 4 H XAUUSD Chart
Step 2: Expand the XAUUSD Indicators Menu on the Navigator
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 xauusd indicators so as to add the CCI technical indicator on the gold trading chart.
Best CCI Settings for 1 Hour Gold Chart - Best CCI Setting for 4 H XAUUSD Chart
How to Add Custom CCI XAUUSD Indicator to MetaTrader 4
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 technical indicator on the MetaTrader 4 software and then compile custom xauusd CCI indicator so that the newly added CCI custom xauusd indicator appears on the list of xauusd custom MT4 indicators on the MT4 platform.
To learn how to install xauusd CCI indicator on MetaTrader 4, how to add CCI indicator window panel to MT4 & how to add CCI custom MT4 indicator in MT4 - How to add a CCI xauusd custom MT4 indicator in MT4.
CCI XAUUSD Trading Indicator Described
Commodity Channel Index XAUUSD Technical Analysis & CCI Trading Signals
CCI indicator measures the variation of gold 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 gold trading price is unusually high when compared to the average.
When the CCI technical indicator is low it shows that gold price is unusually low as compared to the average.
Best CCI Settings for 1 Hour Gold Chart - Best CCI Setting for 4 H XAUUSD Chart
CCI XAUUSD Indicator Technical Analysis and Generating Trading Signals
CCI Overbought & Oversold Gold Trading Levels
Commodity Channel Index technical indicator typically oscillates between ±100.
CCI XAUUSD Indicator values above +100 indicate overbought conditions and an impending gold price correction.
CCI indicator values below -100 indicate an oversold conditions and an impending gold price correction
Buy Trading Signal
If CCI indicator is oversold, zones below -100, then there's a pending gold price correction.
Commodity Channel Index oversold zones will remain intact until CCI technical indicator starts to move above -100.
When gold price starts moving above - 100 then that's interpreted as a buy gold trade signal.
The CCI indicator buy signal should be combined with a gold price trendline break signal to confirm the buy gold trade signal.
Best CCI Setting for XAUUSD Swing Trading - Best CCI Settings for Scalping XAUUSD
Sell Trading Signal
If the CCI indicator is over bought, levels above +100, then there's a pending gold price correction.
Overbought zones will remain intact until Commodity Channel Index technical indicator starts to move below +100.
When Commodity Channel Index starts moving below +100 then that is a interpreted as sell gold trade signal.
This CCI indicator xauusd sell signal should be combined with a gold price trendline break signal to confirm the sell gold trade signal.
Best CCI Setting for XAUUSD Swing Trading - Best CCI Settings for Scalping XAUUSD
Divergence XAUUSD
Bullish Gold Trading Divergence Setup
Bullish gold trading divergence occurs when price is making new lows while the CCI trading technical indicator is failing to surpass its previous low.
This is a buy signal because the gold divergence will be followed by an upward gold price correction.
Best CCI Setting for XAUUSD Swing Trading - Best CCI Settings for Scalping XAUUSD
Bearish XAUUSD Trading Divergence Setup
Bearish XAUUSD Trading Divergence occurs when price is making new highs while the Commodities Channel Index trading technical indicator is failing to surpass its previous high.
This is a bearish xauusd signal because the divergence will be followed by a downward gold price correction.
Best CCI Setting for XAUUSD Swing Trading - Best CCI Settings for Scalping XAUUSD
