The commodity channel index (CCI) is an oscillator originally introduced by Donald Lambert in 1980. Since its introduction, the indicator has grown in popularity and is now a very common tool for traders in identifying cyclical trends not only in commodities, but also equities and currencies.
CCI fits into the momentum category of oscillators. Like most oscillators, the CCI was developed to determine overbought and oversold levels. The CCI does this by measuring the relation between price and a moving average (MA), or, more specifically, normal deviations from that average. The CCI typically oscillates above and below a zero line. Normal oscillations will occur within the range of +100 and −100. Readings above +100 usually imply an overbought condition, while readings below −100 imply an oversold condition. As with other overbought/oversold indicators, this means that there is a large probability that the price will correct to more representative levels.
EasyCCI provides a comprehensive dashboard that allows you to view the CCI value of up to 37 currency pairs and several indices across 5 timeframes (M15, M30, H1, H4, D1) at one glance. This provides you with an understanding of the current oversold/overbought conditions of the forex market on the go.
Below are some of the key features of the app.
- Timely display of CCI values of up to 37 currency pairs and several global indices across 5 timeframes,
- Allows configuration of oversold/overbought condition that best suit your personal trading strategy,
- Timely push notification alert when oversold or overbought condition is hit
- Display headline news of your favourite currency pair(s)
- Quick access to the Economic Calendar from Forex Factory which covers all important events and releases that affect the forex market.
Easy Indicators relies on your support to fund its development and server costs. If you like our apps and wish to support us, kindly consider subscribing to Easy CCI Premium. This subscription removes all advertisements within the app, receive push alert based on your preferred overbought/oversold values, display M5 timeframe (available only for Deluxe subscribers) and supports our development of future enhancements.
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