The Commodity Channel Index ( CCI ) is a MACD that has been normalized to a standard scale. The CCI is quite noisy, hence we experimented with our own version of CCI using JMA. The result is our "CCX", in which we replaced the standard moving average in CCI with JMA. In the chart, note how CCX (cyan) is much smoother than CCI (yellow) and smoothing CCI (red line) creates unwanted lag.

The chart below shows a simple trading strategy that enters LONG when CCX falls below the lower band (green region) and enters SHORT when CCX rises above the upper band (red region).

• Different time frames on a chart may produce different results.

• Please do not ask us for indicator parameter settings. Every market is different.

• Past performance of any trading system is never a guarantee of future performance.

• All trading strategies have risk and commodities/futures trading leverages that risk.