CCI (Commodity Channel Index) indicator
CCI (Commodity Channel Index) indicator - Commodity channel indicator, which shows the deviation moving average from the price chart. This indicator was created about 30 years ago and is based on cyclical market volatility.
A certain sequence of price movements allows you to predict the trend. When calculating CCI indicator The most commonly used time intervals are 20 and 60 days for the moving average.
The indicator values are between +100 and -100. High CCI indicator value The market is overbought, and the market is oversold when it is low.
As CCI indicator trading signals use divergences and high value zones.