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The CCI Squeeze nmc indicator is a modified version of the CCI indicator, which is included in the standard Forex set. Its calculations are aimed at determining the direction and strength of the current trend, which in turn will determine the moment of opening a trade in this period. The indicator is displayed in the lower window of the price chart in the form of a histogram with a signal line that changes its color, direction and location relative to level 0. The current values of the histogram determine the market movement, taking into account which a certain trade can be opened.
The CCI Squeeze nmc indicator is suitable for trading on any timeframe using any currency pairs.
Input parameters
The settings of the CCI Squeeze nmc indicator are used to change the parameters of its general operation. The Input parameters section is used to change the parameters of its technical work, to change the visualization parameters, the Colors section, and the Levels section is used to add signal levels to the indicator window.
-MaLength - the length value of the moving average of the indicator. The default value is 200.
-MaPrice - type of price to which the moving average calculations are applied. The default value is 0.
-MaMethod - type of smoothing of the moving average of the indicator. The default value is 1.
-CCILength - indicator length value. The default value is 50.
-CCIPrice - price type used to calculate the indicator. The default value is 5.
Indicator signals
The CCI Squeeze nmc indicator is very easy to use since its operation algorithm is similar to other histogram indicators. To open a certain trade using the indicator, it should be taken into account the strength and direction of the current trend. For this, in turn, it should be taken into account the direction, color and location of the histogram relative to signal level. If the current trend is upward, long positions are opened, if the trend is downward, short positions. If the trend is weak, trades should not be opened. At the moment the current trend changes, in both cases, trades are closed.
Signal for Buy trades:
- Histogram bars have a color with a growth value and each new bar is higher than the previous one. The histogram together with the signal line is above the 0 level.
Upon receipt of such conditions on a signal candle, a buy trade may be opened, due to the presence of an uptrend. If the current trend changes or weakens, namely, when opposite conditions are received from the indicator, the trade should be closed and a new one should be considered.
Signal for Sell trades:
- The histogram together with the signal line fall below level 0. The histogram is colored with the value of the fall and each new column is formed below the previous one.
A sell trade, due to a change in the current trend, can be opened immediately upon receipt of a combination of such conditions. At this moment, a downtrend is determined in the market. When it changes or weakens, namely at the moment of receiving reverse conditions from the indicator, the current trade should be closed and opening new ones should be considered.
Conclusion
The CCI Squeeze nmc indicator is not only very easy to use but also a very effective trading algorithm. To improve the accuracy of its signals, it is recommended to use it as part of trading strategies, using additional indicators, filters or advisers. Before trading on a real deposit, it is recommended to practice on a demo account.
