CCI

Overview

The Commodity Channel Index (CCI) is a momentum-based oscillator used to help determine when an investment vehicle is reaching a condition of being overbought or oversold. It is also used to assess price trend direction and strength.

Interpretation

The CCI is interpreted as follows:

  • A CCI value above +100 can signify the start of an uptrend while a value below -100 can signify a downtrend.

  • When the CCI moves from negative or near-zero territory to above +100, it could mean the price is starting a new upward trend.

  • When the CCI moves from positive or near-zero territory to below -100, it could mean the price is starting a new downward trend.

Indicator Triggers:

The CCI indicator uses only basic general triggers: Cross level, In zone, Sustain level.

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