CCI has been developed by Donald Lambert; it designed to detect beginning and ending market trends & provides an indication of overbought or oversold markets.
The CCI indicates the increasing in the prices compared to average prices as it moves towards +100.
As the CCI drops towards -100, it indicates that the price is increasingly low compared to average prices.
It provides a warning of overbought and oversold markets when the line crosses the +100 or the -100 levels.
The actual buy or sell signal is usually provided, however, when the line then crosses back over the +100 or -100 level.
Buy signals are generated when CCI dropped below -100 & then come back up through this level.
Sell signals are generated when CCI dropped below +100 or make strong thrust above +100 & then dropped back up through this level.
Zero line crossings it confirms buy or sell signals.
The CCI indicates the increasing in the prices compared to average prices as it moves towards +100.
As the CCI drops towards -100, it indicates that the price is increasingly low compared to average prices.
It provides a warning of overbought and oversold markets when the line crosses the +100 or the -100 levels.
The actual buy or sell signal is usually provided, however, when the line then crosses back over the +100 or -100 level.
Buy signals are generated when CCI dropped below -100 & then come back up through this level.
Sell signals are generated when CCI dropped below +100 or make strong thrust above +100 & then dropped back up through this level.
Zero line crossings it confirms buy or sell signals.
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