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You could sustain a loss of some or all of your funds if the markets move against you. For this reason, you should not invest more than you could afford to lose. New customers: click to call or email these brokers’ sales teams directly, and visit their website. The best explanation of this custom CCI indicator can be given only by the author. Can you summarize only the important pints trader should know? Sir where to copy the indicator file in mt4? I’m unable to install woodies cci in my MT4.
Although novice traders tend to pay little attention to CCI in the beginning of their lerning curve, later they return to discover amazing potential and beautiful simplicity of the CCI indicator. There is a variety of CCI indicators, just by looking at the screenshot below with various CCI versions, it becomes understandable – there is huge package of trading methods behind each simple and custom CCI indicator. CCI indicator was created to identify bullish and bearish market cycles as well as to define market turning points, market strongest and weakest periods. Designed for commodities, CCI has quickly found its application in other markets including Forex. 100, there is a strong uptrend confirmed, therefore traders should open a Buy position. Opposite true for downtrends and readings below -100. Since 1980 when CCI indicator was first introduces, traders have found lots of ways to interpret CCI and expand trading rules.