Commodity Channel Index
CCI is an oscillator that provides an indication of overbought or oversold markets.
Overview
* CCI is usually used as an overbought/oversold indicator
* CCI can also be used for timing buy/sell signals
The Commodity Channel Index, CCI, was designed to identify the beginning and the end of commodity market cycles by Donald Lambert. It has also proven effective for other markets. CCI compares the current mean price with the average mean price over a period of usually 20 days.
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