CCI INDICATOR - EXPLAINED & DECODED + Strategy Ideas & Winning Set Ups! (Commodity Channel Index)

I get asked all the time 'what are the best technical analysis indicators to use?'. The answer is there is no right answer! There are many variables that underline the answer to that question. There are though some very good popular indicators out there and in this video I'm bringing you one I use, known as the CCI Indicator (Commodity Channel Index). Im going to explain how it works and decode it for you, plus throw in some strategy trade ideas / set ups for you to help you along the way!
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RISK WARNING: CONTENT IN THIS VIDEO IS NOT INVESTMENT ADVICE. PLEASE SEEK THE ADVICE / HELP OF FINANCIAL PROFESSIONALS / FINANCIAL ADVISORS BEFORE INVESTING / TRADING. TRADING & INVESTING INVOLVES A HIGH DEGREE OF RISK AND YOUR MONEY IS AT RISK.

[@phtephenjumptoconclusionsq3504]

thank you

[@TheStopHunter]

You're welcome. Regards Stephen

[@user-qn4py7zq5g]

Hi there - just found you! Is it just a regular donchian channel with length 5 and offset 2? I'm not sure I'm understanding how your using it. Is it for your entry and a trailing stop?

[@TheStopHunter]

Hi @user_qn4py7zq5g - yes its a 5/2 offset - can be used for entry / exit / trailing stop loss / position building - you have a lot of options to enhance the CCI using that in combo. Regards Stephen

[@navketan1965]

Sir, In forex pairs SPREAD TRADING do you recommend use of CCI (say on 1H chart--cci 7,cci 14, cci30,cci50 values & add all these values on each pairs to spread & compare overpriced/underpriced leg).The pairs got to have correlations of at least 90%(say aud/usd &nzd/usd--aud/jpy &nzd/jpy--eur/jpy & gbp/jpy--gbp/aud & gbp/nzd etc.).Sell the overpriced & buy underpriced. This would give trader starting edge, staying power, size choice & risk control. You would be comparing deflection of prices summed up on multiple time frames(added up/robust) for asset A & B. Your wisdom is appreciated

[@TheStopHunter]

Not sure I quite follow your strategy @navketan1965. CCI is an indicator like many others that allows you to spot overbought and oversold conditions. It was primarily designed with its default inputs to track cycles especially in commodities. It does work in other markets and in different timeframes. I suggest if you use it to backtest many different scenarios and test thoroughly Regards Stephen.

[@samhall2050]

Hello, i like your videos. Why do I only see one cci line on the chart. Should there be two lines? one for 100 and other for 200 ?? thx

[@TheStopHunter]

Hopefully @samhall2050! Regards Stephen

[@TheNelster72]

I know what you mean. No there shouldn't. You should put the same settings into both indicators. The indicator lines should overlap perfectly.