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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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


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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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