Even though its name refers to commodities, CCI can fforex be used to trade currencies and other markets. Traditionally CCI can be used in a variety of conditions, including breakouts, ranges and trends. Today we will primarily look at using CCI to trade trend retracements with overbought and oversold levels. Since its introduction, the indicator has grown in popularity and is now a very common tool chqnnel traders to identify cyclical trends not only in commodities but also equities and currencies.
Oscillators are a class of indicators designed to track price by moving (oscillating) either above or below a centerline.
Commodity channel index forex trading how to start