CCI Trade Divergence Indicator
CCI indicator is one of the oftenly used divergence indicator. This indicator is an oscillator similar to the RSI & it can be used to trade divergence just the same way as the RSI.
Commodity Channel Index, CCI Analysis & CCI Signals
The Commodity Channel Index measures the variation of a commodity price from its statistic mean/statistic average.
CCI indicator is an oscillator which oscillates between high levels and low levels
When the CCI is high it highlights that price is unusually high compared to the its average.
When the CCI is low it highlights that price is unusually low compared to the its average.
CCI FX Divergence Indicator
CCI FX Divergence Indicator
CCI Bullish Divergence Setups - CCI Divergence Indicator
Classic CCI Bullish Trading Divergence
CCI classic bullish divergence occurs when price is making lower lows (LL), but the CCI technical indicator is making higher lows ( HL ).
Classic Bullish Divergence - CCI Divergence Indicator
CCI classic bullish divergence warns of possible shift in the trend from downward to upwards. This is because even though price moved lower the volume of sellers that moved price lower was less as illustrated by CCI indicator. This is an indicator of the underlying weakness of the downward trend.
Hidden CCI Bullish Trade Divergence
Forms when the price is making a higher low (HL), but the CCI indicator is showing a lower low ( LL ).
CCI hidden bullish divergence occurs when there's a retracement in an uptrend.
Hidden Bullish Trading Divergence
This setup confirms that a market retracement move is complete. This CCI divergence indicates underlying strength of an uptrend.
Bearish Divergence - CCI Divergence Indicator
Hidden CCI Bearish Trade Divergence
Forms when the price is forming a lower high (LH), but oscillator technical indicator is making a higher high ( HH ).
Hidden bearish divergence occurs when there's a retracement in a downtrend.
Hidden Bearish Divergence - CCI Divergence Indicator
This setup confirms that a market retracement move is complete. This divergence indicates underlying strength of a downtrend.
CCI Classic bearish FX Divergence
CCI classic bearish divergence occurs when price is making a higher high (HH), but the CCI technical indicator is making a lower high ( LH ).
Classic Bearish Divergence - CCI Divergence Indicator
CCI classic bearish divergence warns of possible shift in the trend from upward to downwards. This is because even though price moved higher the volume of buyers that moved price higher was less as illustrated by CCI indicator. This is an indicator of the underlying weakness of the upwards trend.