CCI Indicator Trading Strategies

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The CCI indicator, the commodity channel index, is a momentum based indicator that falls under the oscillator classification.  The CCI oscillates between several levels including:+100-1000+200-200These levels are often used as overbought and oversold levels.  The +100 would be considered overbought as an example.  A move below 100 would be used as an oversold condition.From there, traders expect a retrace in price and often look for reversal trades.Donald Lambert, the designed of the indicator, actually used extreme readings such as +100 or -100 as signs of a strong/weak market.  He would then look to establish a trading position in that direction.While oversold and overbought levels were not the intention of the CCI, many traders in Forex use those market states as the basis for a trading strategy.

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