Using The Commodity Channel Index by Stella Osoba, CMT
The commodity channel index (CCI) is a popular indicator developed by Donald Lambert and first published in an edition of Commodities magazine in 1980. It is named the CCI because Lambert developed the index to help him identify cyclical turns in the commodities market. Since then it has gained popularity for its versatility, as it can be applied to stocks, currencies, and indexes.
The CCI has a center line of 0. It is unbounded, which means that it can rise above +100 or below -100. Levels above +100 are generally considered bullish while levels below -100 are considered bearish ...