This printable Commodity Channel Index (CCI) cheat sheet puts the formula, the best settings by timeframe, the meaning of each signal and the four main CCI strategies on one page. Print it or save it as a PDF and keep it next to your MT4 chart. For the full explanation, read our CCI indicator guide.
CCI measures how far the typical price is from its moving average, in units of its normal deviation. It is unbounded: +100 and −100 mark unusual strength, not automatic overbought and oversold levels.
Formula
Typical Price (TP)
(High + Low + Close) ÷ 3
SMA of TP
Simple average of TP over n periods
Mean deviation
Average of |TP − SMA| over the same n periods
CCI
(TP − SMA) ÷ (0.015 × mean deviation)
Settings by Timeframe
Timeframe
CCI period
Use
M5 to M15
14 (with a 50 or 100 CCI or EMA as trend filter)
Pullback entries in the session trend
H1
14 or 20
Trend breakouts and zero-line crosses
H4 and daily
20
Trend direction and divergence
Fast (6 to 9)
Only with a slower filter
Timing entries; too noisy on its own
What Each Signal Means
Reading
Meaning
Typical action
Crosses above +100
Strong upward momentum
Look for longs (trend breakout)
Crosses below −100
Strong downward momentum
Look for shorts
Falls back below +100
Momentum fading
Tighten stop or take partial profit
Crosses zero
Price moved through its average
Confirms a trend change on its own timeframe
Dips to −100 in an uptrend, then turns up
Pullback ending
Pullback buy (mirror for downtrends)
Price higher high, CCI lower high
Bearish divergence
Warning only; wait for price confirmation
Price lower low, CCI higher low
Bullish divergence
Warning only; wait for price confirmation
The Four CCI Strategies at a Glance
Strategy
Entry
Exit
±100 trend breakout
CCI crosses above +100 (buy) or below −100 (sell)
CCI crosses back through ±100 or trailing stop
Pullback in trend
Trend up (price above 50 EMA), CCI dips below −100 then crosses back up
Prior swing high or 2× risk
Zero-line cross
CCI crosses zero in the direction of the higher-timeframe trend
Opposite zero cross
Divergence
Divergence plus a break of the last minor swing
Next support or resistance
Five Rules to Avoid the Classic CCI Mistakes
Do not sell just because CCI is above +100; in a trend that is strength.
Trade CCI signals in the direction of the higher-timeframe trend.
Treat divergence as a warning, never as an entry on its own.
Put the stop beyond the last swing or 1.5× ATR, not at a CCI level.