CCI Indices Expert Advisor Setup
Indices CCI Indices Expert Advisor Setup - Setting Up CCI Indices Expert Advisor - A Indices trader can come up with CCI Indices Expert Advisor based on the CCI stock indices indicator explained below.
Indices CCI Expert Advisor rules can be combined with other indices indicators to come up with other EA Indices Trading Robots that trade using rules based on two or more indicators combined to form a stock indexes trading system.
CCI Indices Technical Analysis and CCI Indices Trading Signals
Developed by Donald Lambert
The CCI measures the variation of a commodity stock indexes price from its statistical mean/statistical average.
This indicator is an oscillator which oscillates between high levels and low levels
When the CCI is high it shows that stock indexes price is unusually high compared to the its average.
When the CCI is low it shows that stock indexes price is unusually low compared to the its average.
Indices CCI Expert Advisor Setup
Indices Technical Analysis and Generating Indices Trading Signals
Overbought/ Oversold Levels
The CCI typically oscillates between ±100.
Indicator values above +100 indicate an overbought conditions and an impending market correction.
Indicator values below -100 indicate an oversold conditions and an impending market correction
Buy Indices Trading Signal
If the CCI is oversold, levels below -100, then there is a pending market correction.
The oversold levels will remain intact until CCI starts to move above -100.
When stock indexes price starts moving above -100 then that is interpreted as a buy.
The Commodity Channel buy stock indices signal should be combined with a indices trend line break signal to confirm the buy.
Buy Trade - Indices CCI Expert Advisor Setup
Sell Indices Trading Signal
If the CCI is overbought, levels above +100, then there is a pending market correction.
The overbought levels will remain intact until CCI starts to move below +100.
When stock indexes price starts moving below +100 then that is a interpreted as sell.
This Commodity Channel sell stock indices signal should be combined with a indices trend line break signal to confirm the sell.
Sell Trade - Indices CCI Expert Advisor Setup
