Best CCI for 4 H Cryptocurrency Chart
How to Add CCI Bitcoin Indicator in MT4 Platform
Step 1: Open the Navigator Window on Bitcoin Crypto Platform Software
Open Navigator window as shown and illustrated below: Navigate to 'View' menu (click it) and then choose 'Navigator' window (press), or From Standard ToolBar click 'Navigator' button or press key-board short-cut keys 'Ctrl+N'
On the Navigator window, choose 'Indicators', (Double Click)
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Adding CCI MT4 Cryptocurrency Chart Indicator
Expand expand button marker (+) or doubleclick the 'indicators' menu, after this the button will appear as (-) and will now display a list as shown below - select the Commodity Channel Index CCI trading indicator from this list of bitcoin indicators so as to add the CCI indicator in the bitcoin chart.
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How to Add Custom CCI Bitcoin Indicator in MT4 Platform
If the CCI indicator you as the trader want to add is a custom indicator - for example if the CCI indicator you want to add is a custom indicator you will need to first add this custom CCI crypto indicator in MetaTrader 4 software and then compile custom bitcoin CCI indicator so that the newly added CCI custom bitcoin indicator appears on the list of bitcoin custom indicators on the MetaTrader 4 software.
To learn how to install bitcoin CCI indicator on MetaTrader 4, how to add CCI indicator window to MT4 & how to add CCI custom indicator on MT4 - How to add a CCI bitcoin custom indicator in MetaTrader 4.
CCI Trading Indicator Described
Commodity Channel Index
CCI indicator measures the variation of bitcoin price from its statistical mean(statistic average).
This Commodities Channel Index indicator is an oscillator trading which oscillates between high levels and low levels
When the Commodities Channel Index indicator is high it shows that bitcoin price is unusually high when in-comparison to the average.
When the Commodities Channel Index indicator is low it shows that bitcoin price is unusually low compared to the average.
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CCI BTCUSD Indicator Analysis and Generating BTCUSD Signals
CCI Overbought & Oversold Bitcoin Trade Levels
CCI indicator typically oscillates between ±100.
CCI Bitcoin Indicator values above +100 indicate overbought conditions and an impending bitcoin price correction.
CCI indicator values below -100 indicate an oversold conditions and an impending bitcoin price correction
Buy BTCUSD Crypto Currency Signal
If Commodities Channel Index indicator is over sold, areas below -100, then there is a pending btcusd crypto price correction.
The CCI over sold levels will remain intact until Commodities Channel Index indicator starts to move above -100.
When bitcoin price starts moving above - 100 then that's interpreted as a buy bitcoin signal.
The CCI indicator buy cryptocurrency signal should be combined with a bitcoin trendline break signal to confirm the buy bitcoin signal.
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Sell BTCUSD Crypto Signal
If the Commodities Channel Index indicator is over bought, zones above +100, then there is a pending btcusd crypto price correction.
Over bought levels will remain intact until CCI trading indicator starts to move below +100.
When CCI starts moving below +100 then that is a interpreted as sell bitcoin signal.
This CCI indicator bitcoin sell signal should be combined with a bitcoin trendline break signal to confirm the sell bitcoin signal.
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Divergence BTC USD Crypto Trading
Bullish Bitcoin Divergence
Bullish bitcoin divergence occurs when bitcoin price is forming new lows while the CCI indicator is failing to surpass its previous low.
This is a buy bitcoin signal because the bitcoin divergence will be followed by an upwards bitcoin price correction.
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Bearish BTCUSD Divergence
Bearish Bitcoin Divergence occurs when bitcoin price is forming new highs while the CCI indicator is failing to surpass its previous high.
This is a bearish signal because the divergence will be followed by a downward bitcoin price correction.
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