Commodity Channel Index (CCI)
Commodity channel index: distance of price from its moving average in units of mean deviation, used to spot unusual strength or weakness.
How to read it
- Above +100 shows unusual strength, below -100 unusual weakness.
- Moves back inside ±100 can mark the end of an extended move.
- Divergences with price warn of fading momentum.
Key settings
- Period 20, constant 0.015, source close.
- Levels +100 / -100 with a zone; extremes coloured.
Good to know
- Drawn in its own pane below the chart.