Commodity Channel Index (CCI)

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Commodity Channel Index (CCI)

Variable List Abbreviation: CCI

 

Variable Mode(s): Stock, Futures1, and Futures2

[ Note: appears in indicator list only after high and low selected ]

 

Parameter(s): CCI time periods, CCI MeanDev Multiplier

 

Description:

Indicates trends resulting from price cycles.  The commodity channel index typically indicates the presence of a price trend when it goes above 100 or below negative 100.

 

Calculation:

CCI = ( current typical price - moving average of typical price )

                            ( factor * mean deviation )

 

Mean Deviation = sum over n time periods of abs(typical price - typical price moving average) / n

 

Typical Price = ( High + Low + Close ) / 3