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Forex indicators What is Commodity Channel Index (CCI) indicator?
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Question by: john - 11 Jun 2012, 11:24:20
What is Commodity Channel Index (CCI) indicator?
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Answer by: lily - 12 Jun 2012, 04:22:41

The technical indicator that measures the deviation of the instrument price from the average price is called Commodity Channel Index, CCI. The price is steep if the indicator`s value is high, and vice versa, if the index is low, then price is understated. The Commodity Channel Index can be applied not only to goods, but also to financial instruments.

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