CCI — Commodity Channel Index

What it does

Measures how far price is from its average, in volatility units. ±100 marks the conventional bands.

What happens

Recomputed once per candle from its wired source, incrementally (constant work per bar). It emits no value until the warmup period has passed; after that it produces a value every bar.

When to use

Momentum extremes and breakouts (>100, <−100).

Gotchas

• Unbounded — there is no fixed max, so calibrate thresholds per instrument.