CCI Divergence Indicator
CCI is one of the often used divergence technical indicator. This indicator is an oscillator similar to the RSI and it can be used to trade divergence setup just the same way as RSI indicator.
CCI Gold Trading Analysis and CCI Signals
Commodity Channel Index measures the variation of a commodity price from its statistical mean(statistic average).
CCI is an oscillator that oscillates between high areas and low levels
When the CCI is high it portrays that price is unusually high compared to the average.
When the CCI is low it portrays that price is unusually low compared to the average.
CCI Divergence Indicator
CCI Divergence Technical Indicator
CCI Divergence Indicator
Classic CCI Bullish Trading Divergence
CCI classic bullish divergence setup occurs when price is making/forming lower lows (LL), but Commodity Channel Index CCI trading indicator is making/forming higher lows (HL).
Gold Classic Bullish Divergence - CCI Divergence Indicator
CCI classic bullish divergence warns of possible shift in the trend from downward to upward. This is because even though the price moved lower the volume of sellers that moved price lower was less just as is shown & illustrated by the CCI technical indicator. This signifies underlying weakness of the down-ward trend.
Hidden CCI Bullish Divergence Setup
Forms when price is making/forming a higher low (HL), but Commodity Channel Index is showing a lower low (LL).
CCI hidden bullish divergence occurs when there's a price retracement in an upwards trend.
Gold Trading Hidden Bullish Divergence Setup
This setup confirms that a pull-back is over. This CCI divergence shows underlying momentum of an upward trend.
CCI Divergence Technical Indicator
Hidden CCI Bearish Divergence Setup
Occurs when price is forming lower high (LH), but oscillator is showing higher high (HH).
Hidden bearish divergence trade setup occurs when there's a retracement in a downwards trend.
Gold Hidden Bearish Divergence - CCI Divergence Indicator
This setup confirms that a pull-back is over. This divergence shows strength of a downwards trend.
CCI Classic bearish Gold Trading Divergence
CCI classic bearish divergence occurs when price is forming a higher high (HH), but Commodity Channel Index is forming/making a lower high (LH).
Gold Classic Bearish Divergence - CCI Divergence Indicator
CCI classic bearish divergence warns of possible shift in the trend from upward to downward. This is because even though the price moved higher the volume of buyers that moved price higher was less such as shown & illustrated by the CCI technical indicator. This shows underlying weakness of the upward trend.
More Topics and Tutorials:
- Example of How to Generate Trading Signals with This XAU/USD Strategy
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