The CCI Angle MTF TT is a modification of the popular CCI indicator, created by Tankk, a well-known author of profitable trading indicators on the forexsystemsru.com trader forum.
Unlike the original CCI, which measures price deviation from a Moving Average, the CCI Angle MTF TT identifies deviations in the CCI itself from the previous CCI value, thereby detecting unique divergences. Divergence occurs when the price reaches a new high or low, but the CCI fails to create a new peak or trough. Additionally, the CCI Angle MTF TT includes an MTF mode.
The CCI Angle MTF TT is a fascinating indicator that expands the application areas of the CCI in trading strategies, making them more profitable and efficient.
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FAQ
What is the CCI Angle MTF TT indicator?
The CCI Angle MTF TT is a modified version of the CCI indicator that detects divergences by analyzing changes in the CCI value over time, along with an MTF mode for multi-timeframe analysis.
How does the CCI Angle MTF TT work?
This indicator identifies divergences by comparing the current CCI value to the previous one, helping traders spot potential reversals in the market trend.
Why use the CCI Angle MTF TT?
The CCI Angle MTF TT enhances traditional CCI analysis by detecting unique market divergences and providing multi-timeframe insights, making it a valuable tool for improving trading strategies.
