Thx for coming in on this. My two cents on why I beg to differ:
1. CCI 10 (-100 line)= BB (10,1) Lower band.
2. CCI 10 (Zero line)= BB (10,1) Center line or MA10
3. CCI 10 (+100 line)= BB (10,1) Upper band.
4. Note that the above BB 10 is one deviation from the mean. What I have shown on my price chart (dynamic CCI on price)is that the BBands are in constant motion (uptrend, downtrend, contracting, expanding)..while looking at a standard CCI indicator, your signal lines are constantly horizontal.
5. If you box in the bands around price, it gives you a picture about the near term price targets, if you pierce the lower one deviation band upwards=signal is generated=target is automatically the mean or the center line...i.e. your moving average...(which corresponds to center line on a standard CCI indicator. The mean on a BB is either sloping upwards, downwards or sideways..i.e shows you the trend...vs a horizontal CCI center line. If you cross the mean upwards...target is the upper band.
6. Given the bands are in motion..your target can change.
7. What is important is what happens outside the one deviation BB. If price is above upper band 10.1=price is in overbought territory which corresponds to crossing CCI +100 line..(And your target becomes the 2 deviation upper band or BB10.2 upper band should price decide to continue upwards of course). If price is below lower band 10.1, price enters oversold territory which corresponds to crossing CCI -100 line (And your target becomes the 2 deviation lower band or BB10.2 lower band should price decide to continue downwards of course).
8. Price cannot stay outside BB 10.2 ..has to come back in.
9. From the above it is clear at least to me that CCI 10=BB10.1
10. then CCI=BB> except that BB targets are better Imho of course.
11. I use BB on price along with CCI as an indicator to show divergences which are very useful when they happen.
Hope the above is useful
Good trades