Commodity channel index (CCI) indicator code
Commodity channel index (CCI) indicator for TradeStation, MultiCharts & OpenECry
The Commodity channel index (CCI) indicator was originally designed to solve engineering problems regarding signals. The primary focus of CCI is to measure the deviation of the price of the currency pair from its statistical average. As such, CCI is an extremely good and sensitive measure of momentum. In general, CCI measures the current price level relative to an average price level over a given period of time. CCI is relatively high when prices are far above their average. CCI is relatively low when prices are far below their average. In this manner, CCI can be used to identify overbought and oversold levels.
This indicator code is compatitble with the following trading platforms
TradeStation, MultiCharts, OpenECry
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Code for Commodity channel index (CCI) indicator
Commodity channel index (CCI) indicator on a chart