The CCI indicator well known as commodity channel index was designed by Donald Lambert. The purpose of designing this indicator was to spot the recurring turns in price. This CCI is a momentum indicator that will determine the point of price relative to moving average. This indicator will give signals whenever the market is overbought and when a trade is weakening. The signal is indicated in a single line, which swings in the ranges of +200 to -200 and this indicator can be used in two ways: one way is it can be used as an oversold indicator. Here in this when CCI indicator moves over +100, it represents a powerful uptrend and then over +200 values will measure the overbought area. In this case sell order can be placed when the line crosses +100 levels. And the second way is to measure the deviations on or after the price trend by the best forex indicators.
Basically, CCI provides a numerical indication of standard variation of price. This is one of the very popular indicators in the market among the traders.best forex indicators CCI indicator
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