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Commodity Channel Index (CCI) - Technical Analysis from A to Z
The Commodity Channel Index (CCI) measures the variation of a security's price from its statistical mean.
High values show that prices are unusually high compared to average prices whereas low values indicate that prices are unusually low.
Contrary to its name, the CCI can be used effectively on any type of security, not just commodities.
Commodity Channel Index (CCI) - Technical Analysis from A to Z