CCI Divergence Technical Indicator
CCI indicator is one of the often used divergence technical indicator. This indicator is an oscillator trading similar to the RSI & it can be used to trade divergence just the same way as the RSI indicator.
CCI Gold Trading Analysis and CCI Trading Signals
Commodity Channel Index measures the variation of a commodity price from its statistical mean(statistic average).
CCI indicator is an oscillator which 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 Technical Indicator
Classic CCI Bullish Trading Divergence
CCI classic bullish divergence occurs when price is forming lower lows (LL), but Commodity Channel Index CCI trading indicator is forming higher lows (HL).
Gold Trading 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 as shown and illustrated by the CCI technical indicator. This signifies underlying weakness of the down ward trend.
Hidden CCI Bullish Divergence Setup
Forms when price is forming a higher low (HL), but Commodity Channel Index indicator is showing a lower low (LL).
CCI hidden bullish divergence occurs when there's a price retracement in an upward trend.
Gold Trading Hidden Bullish Divergence Pattern
This set-up confirms that a pull-back is over. This CCI divergence shows underlying strength 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 occurs when there's a retracement in a downward trend.
Gold Hidden Bearish Divergence - CCI Divergence Indicator
This set-up confirms that a pull-back is over. This divergence indicates strength of a downward trend.
CCI Classic bearish Gold Trading Divergence
CCI classic bearish divergence occurs when price is forming a higher high (HH), but Commodity Channel Index indicator is making a lower high (LH).
Gold Trading 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 as shown and illustrated by the CCI technical indicator. This shows underlying weakness of the upwards trend.
More Topics and Tutorials:
- Example of How to Generate Signals with This XAU USD Strategy
- What is Bid Ask XAU/USD Price in Gold?
- How Do You Open a Real XAUUSD Account from MetaTrader 4 Trading Software?
- Is Aroon Oscillator Leading or Lagging Technical Indicator
- How to Place Fibonacci Expansion Levels on Trading Charts in MT4 Trading Software Charts
- Three Steps To Help Improve Your Gold Results
- How Do You Set a Stop Loss XAU USD Order on MT5 iPhone Gold App?
