Commodity Channel Index (CCI)
The Commodity Channel Index (CCI) is a momentum oscillator used in technical analysis that measures an instrument's variations from its statistical mean. The CCI is a very well-known and widely-used indicator that has gained a level of popularity in no small part due to its versatility. It is a fully unbounded oscillator and has no lower or upper limit. The CCI is often used to find reversals as well as divergences. Originally, the indicator was designed to be used for identifying trends in commodities, however, it is now used on a wide range of financial instruments.