CCI Indicator For Day Trading Forex. By Galen Woods in Trading Setups on November 6, 2019. Donald Lambert introduced the Commodity Channel Index (CCI) in the Stocks & Commodities magazine back in 1980. Now, you can find the CCI as a standard indicator in most charting packages. Clearly, it has stood up to the test of time. On the spread, CCI Traders offers the choice of fixed or variable spread depending on your trading category. In our CCI Traders forex Review, the minimum spread on FX pairs was 0.9 pips, which is reasonable considering that the broker does not charge commission or the overnight swap costs. The CCI Trigger Indicator is a MetaTrader 4 (MT4) indicator that can be used with any Forex Trading System for extra confirmation to enter or exit a trade. This indicator works with all currency pairs and all timeframes. CCI is a popular indicator used by Forex traders to identify oversold and over bought conditions much in the same way that RSI or Stochastics is used. But instead of 30 and 70 representing ... The Commodity Channel Index is an indicator used in the technical analysis of the financial and forex markets. The CCI indicator, short for commodity channel index is a momentum based indicator and belongs to the oscillator group of technical indicators. Invented by Donald R. Lambert, the indicator’s workings and details were first published in a […]
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