The CCI (Commodity Channel Index) is a technical analysis indicator developed by Donald Lambert in the 1980s. Originally designed to identify commodity cycles, it is now also used for other assets, such as stocks, currencies, and indices.
The CCI measures the deviation of an asset's price from its statistical mean value, indicating how far a price is from its average level over a given period.
It helps determine when an asset is overbought or oversold.
INDEX
Setting Usage
Clicking on the indicator settings icon will open its configuration window, within which you can make several choices regarding the indicator's functionality.
PARAMETERS
In the Parameters section we find other sub-sections
- GENERAL
- Allows you to set the CCI database and periods
- AVERAGING:
- Allows you to enable averaging, choose the type and periods
- LEVELS:
- Allows you to choose the value of the level and its color
SERIES
In the Series section, you can set the color and style of the CCI and average.
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