Secondary Indicator

A secondary indicator is a technical analysis indicator that is most often used in conjunction with other indicators and oscillators, to determine and identify peaks and valleys in the market value. A secondary indicator is rarely if ever used by itself when trading but can provide a valuable tool to spot changes in the direction of price movement on a chart.

<< Back to Glossary

Secondary Indicator Video

Commodity Channel Index (CCI) // 17 June 2011

The Commodity Channel Index, or CCI, is an oscillator used in technical analysis to help determine when a market might possibly be overbought or oversold. The Commodity Channel Index was developed by Donald Lambert, and visually represents the relationship between market’s price, a moving average of the market's price, and the normal deviation for the market from that moving average. Play video >>

eTorro - Trading Starts Here

Start Trading Forex with up to $10,000

  • 100s Videos and FX Strategy articles
  • Advice from our FX traders
  • Practive free with using real time