CCI()

Definition Commodity channel index. Developed by Donald R. Lambert, the Commidity Channel Index is an indicator designed for use in markets that follow definite cyclical patterns. Traditionally, the CCI employes a number of periods less than one-third an instrument’s cycle length. Therefore, the CCI should be applied on an instrument-by-instrument basis.

Syntax images/aspen00000228.gif

Formula

Where:

n = number of periods.

TPt = the current typical price:

MAt = current simple moving average.

MD = mean deviation.

Pn = price.

Parameters SERIES
Required if the formula name declares the SERIES parameter.

INPUT
Required if the formula name declares the INPUT parameter.

PERIOD
Required if the formula name declares the PERIOD parameter.

Examples CCI_EX1(SERIES,PERIOD=30)=CCI(SERIES,PERIOD)

CCI_EX2(INPUT,PERIOD=30)=CCI(INPUT,PERIOD)