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INTRODUCTION
The commodity channel index (CCI) was developed by Donald Lambert and was first featured in the Commodities magazine in 1980. Lambert originally developed the CCI to identify cyclical turns in commodities but the indicator can be successfully applied to forex ,indices and stocks .
In general CCI measures the current price level relative to the average price level over a given period of time .CCI is relatively high when prices are far above their average . CCI is relatively low when prices are far below their average .
Commodity Channel Index (CCI) is a very versatile indicator that can be used to identify a new trend or warn of extreme conditions .
A robust trading system can be built using the Commodity Channel Index (CCI) indicator . CCI can also be used as a leading indicator ,which means that CCI can indicate a change of trend even before the price trend change actually takes place .
DEFINITIONS
To understand the Commodity Channel Index (CCI) a few terms need to be defined which will be used as we go into the details of this indicator .
Commodity Channel Index (CCI) is an indicator which measures the current price level relative to the average price level over a gi…
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alexa_stel1 avatar

Like

hrustiashka avatar

Good article, thanks for sharing!

olenka2517 avatar
olenka2517 23 Mar.

Very nice work. Good luck

Sebine avatar
Sebine 24 Mar.

Perfectly!

RadarTradar avatar

Great article. Very clear and instructive. Thank you.

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Introduction

Momentum based trading strategy is an investment strategy that aims to capitalize on the continuance of existing trends in the market. In order to take advantage of the perceived opportunity, a trader takes a long position in a currency pair that has shown an upward trending price, or short-sells a security that has been in a downtrend. The idea being once a trend is established, it is more likely to continue in that direction than to move against the trend.
This article looks at how we can create a momentum based trading strategy in Visual JForex using the Commodity Channel Index (CCI) and Stochastic indicators.
What is Visual JForex?

Visual JForex is a comprehensive solution to build, test and run strategies; it is based on a user-friendly interface using drag and drop feature. It has a unique way to develop fully automated strategies using blocks linked to each other to build a complete and ready-to-execute forex strategies. The platform is web based presenting a flash user interface with a Java backend.

Fig 1: Visual JForex platform.

Momentum indicators

  • Commodity Channel Index
The CCI is an oscillator introduced by Donald Lambert in 1980 that is useful …
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Sanju777 avatar
Sanju777 12 Mar.

nice

Verona888 avatar
Verona888 12 Mar.

Well done)

Vlad73 avatar
Vlad73 16 Mar.

well done

miss_natalia_77 avatar

Good ))

Yonggi7 avatar
Yonggi7 27 Apr.

This article is well presented ! I liked the concept of Momentum based on different useful kind of trading strategy actions! Congratulations!

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