Color CCI

One of the indicators to be used when evaluating the I-HIGH-LOW-MIDDLE binary options strategy is the Color CCI indicator.

Like the recording that comes with this chapter, this is the same indicator like the famous CCI that is offered by the regular trading platforms, the Commodity Channel Index, with the difference that it is represented by bars and not a line like normally the default settings are.

It is called Color CCI because bars are coming in different colors: yellow, green and red.

Yellow represents ranging conditions and should be ignored for the purpose of this strategy, and red and green represent the breakouts price makes based on the CCI.