Best CCI Setting for H4 Gold Chart

Adding MT4 CCI Indicator

Step 1: Open MT4 Software Navigator Window

Open MetaTrader 4 Navigator panel as shown below - Navigate to 'View' menu (then click it) & then choose the 'Navigator' window panel (click), or From the Standard Tool bar click the 'Navigator' button or use key-board shortcut keys 'Ctrl +N'

On MetaTrader 4 Navigator window, select "Technical Indicators", (DoubleClick)

Best CCI Settings for 1 H XAUUSD Chart - Best CCI Settings for 4 Hour Gold Chart

Step 2: Expand the Gold Trading Indicators Menu on the Navigator

Expand the menu by clicking the expand button marker (+) or double click the 'indicators' menu, after this the button will appear as (-) and will now display a list as shown below - select the CCI indicator from this list of gold indicators so as to add the CCI indicator on the xauusd chart.

Best CCI Settings for 1 H XAUUSD Chart - Best CCI Settings for 4 Hour Gold Chart

How to Add Custom CCI XAUUSD Indicator to MT4

If the CCI technical indicator you want to add is a custom MT4 indicator - for example if the CCI technical indicator you want to add is a custom indicator you will need to first add this custom CCI indicator on MetaTrader 4 platform & then compile custom gold CCI indicator so that the newly added CCI custom gold indicator pops up on the list of gold custom MT4 indicators in MetaTrader 4 software.

To learn how to install gold CCI indicator on MT4, how to add CCI indicator window to MT4 and how to add CCI custom MT4 indicator on MT4 - How to add a CCI gold custom MT4 indicator in MetaTrader 4.

CCI Gold Technical Indicator Explained

CCI Gold Technical Analysis and CCI XAUUSD Signals

CCI indicator measures the variation of xauusd price from its statistical mean/statistical average.

This Commodities Channel Index indicator is an oscillator which oscillates between high zones & low levels

When the Commodities Channel Index technical indicator is high it shows that xauusd price is unusually high when compared to the average.

When the Commodities Channel Index technical indicator is low it shows that xauusd price is unusually low as compared to the average.

Best CCI Settings for 1 H XAUUSD Chart - Best CCI Settings for 4 Hour Gold Chart

CCI Gold Technical Indicator Technical Analysis & How to Generate Trading Signals

CCI Overbought & Oversold XAUUSD Trading Levels

The Commodity Channel Index technical indicator typically oscillates between ±100.

CCI Gold Indicator values above +100 indicate overbought conditions & an impending xauusd price correction.

CCI indicator values below -100 indicate an oversold conditions & an impending xauusd price correction

Buy Gold Signal

If the Commodities Channel Index indicator is oversold, zones below -100, then there's a pending xauusd price correction.

Commodity Channel Index over sold zones will remain intact until CCI technical indicator starts to move above -100.

When xauusd price starts moving above - 100 then that is interpreted as a buy xauusd trade signal.

The CCI indicator buy trading signal should be combined with a xauusd price trend-line break signal to confirm the buy xauusd trade signal.

Best CCI Setting for Gold Swing Trading - Best CCI Settings for Scalping Gold Trading

Sell XAUUSD Signal

If the CCI indicator is overbought, areas above +100, then there's a pending xauusd price correction.

The over bought zones will remain intact until Commodity Channel Index technical indicator starts to move below +100.

When Commodity Channel Index starts moving below +100 then that is a interpreted as sell xauusd trade signal.

This CCI indicator sell trading signal should be combined with a xauusd price trend-line break signal to confirm the sell xauusd trade signal.

Best CCI Setting for Gold Swing Trading - Best CCI Settings for Scalping Gold Trading

Divergence Gold Trading

Bullish XAUUSD Divergence

Bullish gold divergence occurs when price is making new lows while the CCI technical indicator is failing to surpass its previous low.

This is a buy trading signal because the gold divergence will be followed by an upwards xauusd price correction.

Best CCI Setting for Gold Swing Trading - Best CCI Settings for Scalping Gold Trading

Bearish Gold Divergence

Bearish Gold Divergence occurs when price is making new highs while the CCI indicator is failing to surpass its previous high.

This is a bearish gold signal because the divergence will be followed by a downwards xauusd price correction.

Best CCI Setting for Gold Swing Trading - Best CCI Settings for Scalping Gold Trading