The CCI (Commodity Channel Index) Indicator is a technical analysis tool used to determine overbought or oversold conditions of an asset. It measures the difference between the current price of an asset and its average price over a specified period of time.
The CCI indicator ranges from -100 to +100, with readings above +100 indicating overbought conditions and readings below -100 indicating oversold conditions. The CCI Indicator is a leading indicator, as it can provide early signals of potential trend reversals or price movements. It is commonly used by traders to identify entry and exit points for their trades.