How to setup Commodity Channel Indicators
04.09.2011
The CitiFX Pro platform allows you to utilise a range of different indicator studies that can be overlaid on top of the chart module. In order to select a study go to:
Trading > Charts > ![]()
In this post we will be looking at how you setup and use Commodity Channel indicators as part of your trading arsenal. The Commodity Channel Index (CCI) measures the price of the instrument in relation to its moving average. You can use the CCI to highlight whether a currency pair is oversold/overbought or to signal whether a trend is weakening. The CCI is similar to Bollinger Bands but is presented as a single indicator line instead of downside and upside limits.
If there is a positive divergence between price and the CCI indicator then consider buying – a divergence below – 100 increases the strength of the signal. If there is a negative divergence, which means the CCI line is trending down, whilst the price is on the up, then considering selling.
If you wish to apply the CCI indicator to a chart then go to:
Trading > Charts >
> Trends > Commodity Channel Index
Once you have selected the CCI, a menu will pop up (see below). From here you can adjust settings depending on personal preferences. You can adjust where the indicator is displayed on the chart, how the indicator calculates high, low and close prices. You can also change how the CCI displays, even down to the weight of the line!

Once you are happy with the settings then click “OK”.

As you can see from the screenshot above, the CCI indicator has been added as a new pane so that it displays below the candlestick chart. If you want to make any further adjustments to the indicator, simply click on the down arrow next to the indicator name (see below). From here select ‘Properties’, you can also delete the indicator if needs

The CitiFX Pro platform is fully customisable, allowing you to adjust the chart to suit your own personal preferences. If you wish to adjust the timescale of the chart then click on the dropdown menu.

The platform also allows you to annotate the charts. Click on: ![]()
You can then select a number of different tools that allow you to draw lines, shapes and add text.

If you wish to save the chart then right-click on the chart, go Chart > export chart, you can also print the chart if you wish to have a hardcopy. The CitiFX Pro platform also allows you to save the indicator as a pre-set button if you wish to use it on a regular basis.

