Stepped Moving Average of CCI [Loxx] is a CCI that applies a stepping algorithm to smooth CCI. This allows for noice reduction and better identification of breakouts/breakdowns/reversals.
What is CCI? The Commodity Channel Index ( CCI ) measures the current price level relative to an average price level over a given period of time. CCI is relatively high when prices are far above their average. CCI is relatively low when prices are far below their average. Using this method, CCI can be used to identify overbought and oversold levels.