Of course not, the $ Yen spike on data just now proves no oscillator can handle these markets. (Stochastic, DMi, Averages, everything pointing down, price was trickling down and them pow up 30 pips leaving everything trying to find its glasses.

CCI is helpful for larger time frame trading. So are a few others. My suggestion is for intra day trading momentum if reflected in a more confined visual basis would surely be helpful.