The CCI (Commodity Channel Index) is a technical analysis indicator developed by Donald Lambert in the 1980s. Originally designed to identify commodity cycles, it is now also used for other assets, such as stocks, currencies, and indices.

The CCI measures the deviation of an asset's price from its statistical mean value, indicating how far a price is from its average level over a given period. It helps determine when an asset is overbought or oversold.

Using Settings

Clicking on the indicator settings icon will open its configuration window, within which you can make several choices regarding the indicator's functionality.

Parameters

In the Parameters section, we find several sub-sections:

General

• Input Data: Set the data source for CCI calculation

• Periods: Define the number of periods to use in CCI calculation

Averaging

• Enable: Toggle averaging on or off

• Average Type: Choose the type of averaging (Simple, Exponential, etc.)

• Periods: Set the number of periods for the average calculation

Levels

• Level Value: Define the overbought/oversold level value

• Zero Color: Set the color for the zero line

Subgraphs

In the Series section, you can set the color and style of the CCI and average:

• CCI Color: Set the primary color of the CCI line

• Secondary Color: Set an optional secondary color

• Auto Color: Set the color of the average line

• Subgraph Style: Choose the display style 

• Line Style: Define the line style 

• Line Width: Define the thickness of the line

• Use Secondary Axis: Option to display on a secondary axis