The indicator is based on a very simple but highly effective CCI calculation. The indicator shows the colored line in your charts. The color of the line may be blue or red. The blue color stands for strong upside moves and the red color stands for strong downside trends.
Trading with the indicator is very simple. You can use the indicator either for market entries as well as exits. Simply as soon as the blue color becomes red, upcoming downside moves could be expected and vice versa.
The indicator offers to set the "CCI_factor" setting. The default value is 3. For spotting longer and more stable trends, CCI_factor = 10 is recommended. But we recommend to test out which value will suit your trading style the best and will be most profitable for you.
High Risk Warning: Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
Any opinions, news, research, predictions, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. FX Trading Revolution will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.