CCi RSi Divergence
CCi RSi Divergences Demo(use on EURAUD)
CCI is a pretty useful indicator in itself but it's even more effective when you trade divergence patterns with that. Because the divergence signal of the CCI indicator is one of the most powerful signals among the indicators.
Divergences signal a potential reversal point because directional momentum does not confirm the price. A bullish divergence occurs when the underlying security makes a lower low and CCI forms a higher low, which shows less downside momentum. A bearish divergence forms when the security records a higher high and CCI forms a lower high, which shows less upside momentum.
The indicator also finds hidden divergences(HD). Hidden divergences are created in the direction of the trend, and are often strong signals for the trading.
This indicator is very functional and can greatly improve the outcome of your trading.
This is a multi-time-frame indicator(Under M15 is not recommended).
Indicator detects price pivots and checks the corresponding value of pivots on CCI indicator.
When a divergence is detected(price movement and oscillator in the opposite direction), it is plotted bylines in the chart and oscillator.
Demo Version Limitations
- The demo version of the indicator is free and functional on EURAUD.
The full version of the indicator is available here
- CCI Period
- Type Of Drawing CCI (Line or Histogram)
- Color Of CCI Lines/Bars
- Bullish Divergences (Choose a color to draw bullish divergences)
- Bearish Divergences (Choose a color to draw bearish divergences)
- CCI lines/Bars Thickness
- Divergences Lines Thickness
- Divergences Lines Style (Enter a number to solid, dashed, etc.)
- Alert (ON/OFF)
- Divergences Filter (You can choose to show regular or hidden divergences or both)
- Sending Push Notifications (To know when divergence occurs. The user can choose to send push notifications or not