Asset Management

Commodity Channel Index (CCI)

Commodity Channel Index (CCI) is an HTS indicator used to identify new trends or extreme trading conditions. Commodity Channel Index (CCI) works by measuring the current price level which relative to the average price over a user determined period of time.

Tip: Use with another indicator to identify strong trend reversals or to confirm the current trend with reversed signals. You can decrease the amount of trade signals by increasing the length and/or thresholds.

Interface

Supported license & Trade types

Supported License

Supported Trade Types

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Spot trading

Simple license

Margin trading

Advanced license

Leverage trading

Formula

The formula for Commodity Channel Index (CCI) is the following: Constant = .015 Typical Price (TP) = (High + Low + Close)/3 CCI = (Typical Price - 20-period SMA of TP) / (Constant x Mean Deviation)

General Settings

  • Exchange Website to monitor

  • Currency Pair to monitor for trade signals

  • Update Speed

  • Trade Signals

Tip: The exchange doesn't have to be the same exchange you are currently trading on.

Indicator Settings

  • Length

    • Number of candles (or time periods) before an action is taken.

  • Buy Threshold

    • When the calculation result is equal or below this value, the indicator will generate a buy signal.

  • Sell Threshold

    • When the calculation result is equal or above this value, the indicator will generate a sell signal.

Usage

Commodity Channel Index is a great indicator to use when paired with another indicator as it will generally identify the current trend and/or trend reversal. It can also be used on its own, but the critical variable with this indicator is the data length. The higher the data length, the less trade signals will be provided and vice versa.