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Commodity Channel Index

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Commodity Channel Index
An index used in technical analysis. High values mean a potential future correction (downward movement in underlying asset) and low values potentially forecast a rally. Details in Donald Lambert's October 1980 article in Commodities Magazine.

Commodity Channel Index
In technical analysis, an equation using a moving average to determine whether a commodity is overbought or oversold. It is calculated as follows:

CCI = (P - MA) / 0.015D

where:

P = the commodity's current price.
MA = a moving average of the price over a given period of time.
D = normal deviations from the moving average.

This has become a popular tool among technical analysts, who use it to find highs and lows in a commodity's price to make their investment decisions. Some even use it for equities and currencies, in addition to commodities.


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Woodie identified and developed the CCI - Commodity Channel Index - through extensive research, and he will focus on buying the dip, selling the pullback, trade entry and exit strategies, and market psychology.
Users can apply more than 15 overlaid studies to their charts including Bollinger Bands, ADX, Moving Averages, Commodity Channel Index, MACD, Momentum, RSI and more.
Commodity Channel Index (CCI) - Clients have the ability to chart the CCI index, a highly regarded index by technical traders.
 
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