Trading indicators have long become useful instruments in traders’ work. This article is devoted to seven popular oscillators that help detect the current market situation and give signals for opening and closing positions.
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Today, we will get acquainted with the CCI + EMA scalping strategy. I would call this strategy as short-term because the timeframe and short Stop Losses.
This trading method, created by Ken Wood, is a very simple system. It is even said that for using this method successfully, trading by the rules suggested by the author is enough.
In this review, we will discuss an interesting technical indicator CCI (Commodity Channel Index). This indicator helps to find an approaching correction or reversal on the price chart.