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Forex indicators How do you use a cci indicator in forex?
avatar Gesha
Question by: Gesha - 05 Dec 2017, 15:13:09
How do you use a cci indicator in forex?
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Answers (1)
avatar user 12881
Answer by: Lorry - 22 Feb 2018, 18:02:22

The CCI is used for identifying favorable entry and exit points on the chart. This is an oscillating line that fluctuates between levels +/- 200, so during trading it is necessary to pay attention to the crossing point of the indicator curve at +/- 100. If the curve rises above the level of +100, it is time to open a long position because the trend is strengthening at this point. It is better to close the deal when the CCI curve passes the level of +100 down. When the trend is weak, we act similarly, only we are guided by the crossing of the indicator curve at -100. When the curve passes the level -100 down, it is better to open a short order. When the CCI curve moves through this point from below, we close the position.

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