It’ll take you no time at all to figure out that the Commodity Channel Index – popularly known as the CCI – was originally developed for commodity trading. It was developed back in the 1980s, at a time when spot forex trading wasn’t even a thing, to help commodities traders identify changes in long-term market trends. However, as anyone and everyone in the social media forex sphere (and beyond) will tell you, it isn’t used just for trading in commodities

When Gerald Appel made this indicator in the 70s, no one expected it to become one of the most popular technical analysis tools with so many applications and modifications. This merit comes from its simple presentation that beginner traders spot immediately – two lines converging and crossing and picking great entries. MACD is also a zero line cross indicator, an oscillator, and a moving average cross indicator. However, this swiss-army-like indicator creates skepticism among certain contrarian traders who advocate the

All that glitters is not gold, they say. The same often applies to everything that is popular. And, if nothing else, ADX is one of the more popular indicators on the market. The average directional index (ADX) was developed more than 40 years ago. Nowadays, this tool is typically used by technical traders to measure volume. ADX consists of two main components – the ADX line and Directional Index (DI). The indicator aims to show trend strength and trend direction.

The RSI is one of the most commonly used technical indicators among Forex traders. In this post, we will explain the indicator, covering the following: What is the RSI? How the RSI is calculated How to use the RSI Example strategies What is the RSI? The RSI (relative strength index) is a momentum indicator used in technical analysis to measure the speed of price movements. It is classified as an oscillator, as it oscillates between zero and 100. When attached