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
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