One of the most widely used Forex technical analysis tools is the Commodity Channel Index (CCI) indicator. The CCI indicator is a widely popular oscillator used by Forex traders to identify cyclical trends in the markets. The CCI indicator measures the deviation of a security’s price from its typical statistical mean. The idea behind the CCI indicator is to measure the graph’s relative movement in relation to the average price of the security. The indicator can be downloaded from the MetaTrader 4 platform as a free indicator and has become a popular tool for forex traders worldwide. The CCI indicator can also be used for intraday trading and to measure overbought and oversold conditions.