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The CCI indicatorwell often known as commodity channel index was designed by Donald Lambert. The purpose of designing this indicator was to identify the recurring turns in worth. This CCI is a momentum indicator that can decide the purpose of price relative to shifting average. This indicator will give alerts every time the market is overbought and when a trade is weakening. The signal is indicated in a single line, which swings in the ranges of +200 to -200 and this indicator can be utilized in two ways: a method is it can be used as an oversold indicator. Here in this when CCI indicator moves over +one hundred, it represents a strong uptrend after which over +200 values will measure the overbought area. On this case sell order may be placed when the road crosses +one hundred ranges. And the second way is to measure the deviations on … Read More

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