Best CCI for 1H Crude Oil Trading Chart

How to Add CCI Crude Oil Indicator on MetaTrader 4

Step 1: Open the Navigator Window on Oil Trading Platform

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

On Navigator panel, choose "Technical Indicators", (DoubleClick)

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Adding CCI MT4 Oil Trading Technical Chart Indicator

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

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How to Add Custom CCI Crude Oil 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 MT4 software and then compile custom oil CCI indicator so that the newly added CCI custom oil indicator pops up on the list of oil custom indicators on the MT4 platform.

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

About CCI Crude Oil Technical Indicator Guide

CCI

CCI indicator measures the variation of crude oil price from its statistical mean(statistical average).

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

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

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

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CCI Oil Technical Indicator Oil Trading Technical Analysis & Generating Trading Signals

CCI Overbought and Oversold Oil Trading Levels

CCI technical indicator typically oscillates between ±100.

CCI Oil Trading Indicator values above +100 indicate overbought conditions and an impending crude oil price correction.

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

Buy Trading Signal

If Commodities Channel Index technical indicator is oversold, zones below -100, then there's a pending crude oil price correction.

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

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

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

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Sell Trading Signal

If the CCI indicator is overbought, levels above +100, then there is a pending crude oil price correction.

Over bought 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 oil trading signal.

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

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Divergence Crude Oil Trading

Bullish Oil Trading Divergence Setup

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

This is a buy oil signal because the oil divergence will be followed by an upwards crude oil price correction.

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Bearish Oil Trading Divergence Setup

Bearish Oil Trading Divergence occurs when crude oil price is forming new highs while the CCI technical indicator is failing to surpass its previous high.

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

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