Forex CCI Strategy

CCI indicator known since the 1980s, although it was first created as an indicator of commodity. CCI is also very popular now used in the forex and stock markets. Forex Strategy CCI - Commodity Channel Index or CCI is one of the best forex indicator ever. Using CCI indicator is very easy and requires no special skills to use it. In this article we will discuss how to read CCI indicators and strategies that we can use for trading. As with other indicators oscillator, CCI indicator has overbought and oversold areas. This can be used to determine the momentum when we had to sell and when to buy. The following chart illustrates CCI strategies that can be used as a reference for your trading system.

Forex CCI Strategy

How to Read Simple RSI Indicator

Relative Strength Index was first introduced by J. Welles Wilder in 1978 in his book New Concepts in Technical Trading Systems. The value of the RSI in the range 0-100 (therefore classed oscillator indicator. Oscillate = range). RSI itself is a momentum indicator that compares the prices between the current value of the losses. RSI calculation formula written as follows:

RS = Relative Strength, is the ratio between the smoothed two XMA
AG = Average price gains in the period specified. Obtained from the total gain divided by the used period.
AL = Average price loss for the specified period. Retrieved from total loss divided by the used period

how to read a simple RSI indicator on his 50-point, if the RSI moving from point 50 to point 75, it can be indicated prices are rising and will usually reverse after RSI close or reach point 75, this is often called the overbought condition, and conversely when the RSI leaving point 50 and lead prices down to point 25 and will usually back up after close to point 25 is often referred to in the oversold condition.
RSI is used to determine overbought / oversold, and RSI can also help us to know: Divergence and the momentum of price movements.