CCI RSI Index Indicator
Platform: MT4 Type: Momentum Last update: August 4, 2024The CCI RSI Index Indicator for MT4 is, as the name suggests, a combination of Commodity Channel Index (CCI) and Relative Strength Index (RSI) into one forex indicator. Readings of that indicator are pretty intuitive. Green bars indicate a bullish trend-momentum, and similarly, red bars of the CCI RSI Index indicator reflect a bearish trend-momentum.
Example trade with the CCI RSI Index Indicator
Below is the screenshot of an example trade with the CCI RSI Index Indicator.
As you can see, buy trade is triggered when the readings of the CCI RSI Index Indicator switch from red to green. In this case, the upward move was pretty sharp, but that’s not the rule. Sometimes it will take a few bars to move in the direction of the signal.
