The commodity channel index (CCI) is an oscillator originally introduced by Donald Lambert in 1980. Since its introduction, the indicator has grown in popularity and is now a very common tool for traders in identifying cyclical trends not only in commodities, but also equities and currencies.
CCI fits into the momentum category of oscillators. Like most oscillators, the CCI was developed to determine overbought and oversold levels. The CCI does this by measuring the relation between price and a moving average (MA), or, more specifically, normal deviations from that average. The CCI typically oscillates above and below a zero line. Normal oscillations will occur within the range of +100 and −100. Readings above +100 usually imply an overbought condition, while readings below −100 imply an oversold condition. As with other overbought/oversold indicators, this means that there is a large probability that the price will correct to more representative levels.
EasyCCI provides a comprehensive dashboard that allows you to view the CCI value of up to 37 currency pairs and several indices across 5 timeframes (M15, M30, H1, H4, D1) at one glance. This provides you with an understanding of the current oversold/overbought conditions of the forex market on the go.
Below are some of the key features of the app.
- Timely display of CCI values of up to 37 currency pairs and several global indices across 5 timeframes,
- Allows configuration of oversold/overbought condition that best suit your personal trading strategy,
- Timely push notification alert when oversold or overbought condition is hit
- Display headline news of your favourite currency pair(s)
- Quick access to the Economic Calendar from Forex Factory which covers all important events and releases that affect the forex market.
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EasyIndicators has taken great measures to ensure the accuracy and timeliness of the information in the application, however, does not guarantee its accuracy and timeliness, and will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information, inability to access the information, for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through this application.
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This app is annoying! Alright, default value is 100 and -100, but the app keeps giving signals for every single value over 100 or below -100. Can you please correct the app so that we will get the alert only once once it crosses 100 or -100, not five hundred times a day!