Commodity Channel Index, CCI

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Commodity Channel Index, CCI

Commodity Channel Index (CCI) indicator measures the deviation of the commodity price from its average statistical price.

High values of the index point out that the price is unusually high being compared with the average one, and low values show that the price is too low.

In spite of its name, the Commodity Channel Index can be applied for any financial instrument, and not only for the commodities.

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