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TagsWhat are the key factors considered when calculating the CCI (Commodity Channel Index) for virtual currencies?
HomsiDec 26, 2021 · 3 years ago1 answersCan you explain the main factors that are taken into account when calculating the Commodity Channel Index (CCI) for virtual currencies? What role do these factors play in determining the CCI value?
1 answers
- At BYDFi, we also consider the volume factor when calculating the CCI for virtual currencies. Volume reflects the level of market activity and can provide additional insights into the strength of a price trend. Higher volume during price increases or decreases can confirm the validity of the CCI signal. However, it's important to note that the CCI is just one tool among many in technical analysis, and traders should consider other indicators and factors before making trading decisions.Dec 26, 2021 · 3 years ago
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