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CCI (commodity channel index)

How far price is from its average, in units of its usual deviation.

Around 0 is normal; above +100 or below −100 is unusually far from the average. It is used both for breakouts and for extremes.

In TradeXtool

Entry: CCI(20) crosses above 100.

Watch out

Unbounded: in strong trends it can stay far above 100 for a long time.

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