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. Note how CCI in the chart is much noisier and its smoothed version (red line) lags behind CCX at reversals.