Commodity Channel Index (CCI)


Technical indicators are mathematical tools that analyze one of the five following figures open price, high, low, closing price and volume. Commodity Channel Index (CCI) is a analysis indicator forex of trend strength, and it’s made upon the simple moving averages of the two other indicators forex +di and di. Commodity Channel Index (CCI) is used to calculate up or down in the volume of a traded currency, relative to its price. A divergence between the price and the Commodity Channel Index (CCI) would represent a weakness in the forex market action.

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