What CCI shows
Commodity Channel Index: how far price is from its average, in units of normal deviation.
Commodity Channel Index: how far price is from its average, in units of normal deviation.
Commodity Channel Index: how far price is from its average, in units of normal deviation.
It measures how far the typical price is from its 20-period average, scaled by the average deviation, so most readings fall between -100 and +100.
Length 20 with lines at +100 and -100.
Above +100 shows strong upside momentum, below -100 strong downside.
The levels are not hard limits; it can run far beyond them.
A trend tool. Moves above +100 are read as strength in an uptrend, and as overbought in a range.
Sign in, open Genni Charts, press the "ƒx Indicators" button above the chart and choose CCI. Click its name on the chart to change the settings. It is free for every member.
More in "Oscillators": RSI · MACD · Stochastic · Stochastic RSI · Williams %R · ROC · All 25 indicators
This page is education, not investment advice. Trading involves substantial risk of loss. Read next: Trading indicators · Trading strategies · Candlestick patterns