Description: The Woodies CCI indicator is a popular momentum indicator used in forex trading.
Indicator readings above the zero line indicate upward momentum (strength) while trading below reflect downward momentum (weakness). Values above +200 or below -200 are considered extreme Woodies CCI readings.
Supported Timeframes: Month, week, day, 4 hour, 1 hour, 30 min, 15 min, 5 min and 1 min
File Name: all woodies cci v1.0
Metatrader 4 Screenshot:
GBP/USD Daily Chart
Features: Supports all currency pairs and timeframes, free licence, highly customizable, Metatrader 4 ready.
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Risk Disclosure: Trading forex on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.