Real Woodie CCI Indicator

Real Woodie CCI Indicator

Forex BUY and SELL signals from the best Real Woodie CCI indicator. Creates a Moving Average on the chart. Accurate trend detector.

The Real Woodie CCI is a simple MT4 indicator that looks identical to the traditional CCI. The indicator comprises a single moving average line, a signal line that presents us with overbought and oversold conditions.

Like the indicator oscillates between -100 and 100. The longer the time, the less frequently the indicator will deviate from -100 or +100. When the MA line oscillates between these levels, it presents us with a BUY/SELL signal.

The good thing about the Real Woodie CCI indicator is you can apply it in any timeframe. However, when looking for trading signals, traders should apply the indicator on longer timeframes, as the indicator can produce false signals on lower timeframes.

Real Woodie CCI Indicator BUY/SELL signals

The above GBP/USD H4 chart shows BUY and SELL signals with the indicator. The indicator presets BUY and SELL signals oscillate between -100 and +100. Real Woodie CCI generates buy signals when the signal line is above +100 and on the flip side, the indicator produces sell signals below -100.

Forex traders can use the indicator on multiple timeframes. A long-term chart is used to identify the dominating trend, while a short-term chart identifies pullbacks and entry points into that trend.

More active traders widely employ a multiple timeframe approach, and one may even use it for day trading, as the long term and short term are relevant to how long a trader wants to hold their positions.

What does the CCI indicator tell you?

The Real Woodie CCI indicator tells you overbought and oversold levels. It works like a traditional CCI indicator and oscillates between -100 and +100.

What are the best settings for the CCI indicator?

The best settings for the Real Woodie CCI indicator depend on the trader’s strategy. The default setting for the indicator is 14, which means it measures the recent price changes.

Conclusion
The Real Woodie CCI plots MA and signal line to suggest BUY and SELL signals. Also, the indicator is free to download.