The speaker provides an overview of a popular technical indicator, the CCI or commodity channel index. He mentions that the CCI measures the distance of price from its statistical mean over a defined period of time. High values indicate unusually high prices compared to the norm while low values indicate
The speaker provides an introduction to the CCI, or commodity channel index. He looks for a CCI reading of below -100 and then a double bottom setup in the chart of the stock with a higher CCI reading than the first bottom. Once a s
The commodity channel index (CCI) is an oscillator used to identify cyclical trends in a security. It gained its name because it was originally used to analyze commodities. The formula for the CCI is as follows: