best cci settings for day trading binary options

CCI on the long-term chart shows an uptrend. As with all trading indicators, I dont advocate using it to generate trade signals on its own. As the price pulls back toward the moving average and price support region, the indicator enters oversold territory.

Best cci settings for day trading binary options
best cci settings for day trading binary options

The price bars can be one-minute, five-minute, daily, weekly, monthly or any time frame you have accessible on your charts. Dont let the commodity part of the name mislead you; the indicator can be used for trading other markets, not just commodities. Alterations and Pitfalls of CCI Strategies When free forex point and figure charts it comes to using CCI, you can adjust the strategy rules to make the strategy more stringent or lenient. Instead, we went short at bearish inside bar (red arrow). 14-period Relative Strength Index (RSI) 20-period Commodity Channel Index ( CCI ) 14-period Stochastic Oscillator 20-period Bollinger Bands (with 2 standard deviations bands) 12, 26, 9 periods for Moving Average Convergence Divergence (macd) If the default settings work for you, there is no need. To help improve timing, I prefer to enter trades once the CCI moves back above -100 (for buy/call trades in uptrends) or back below 100 (for short/put trades in downtrends). If you dont know how to use the indicator and interpret it well, the setting of the indicator doesnt matter.