All about CCI & Variant

CCI_Chart - indicator for Metatrader 4

This is CCI indicator in the main window - go here to download:

Hi to all ,


If we refactor the CCI, we get the real CCI on Chart, that is very close Bollinger bands.


If you add Bollinger bands with coefficiant a standard deviation around + - 1.25

you have 99% the same indicator.


So all theories concerning B. Bollinger and% B.Bollinger can be

apply to the CCI and CCI on Chart, and vice versa.


Put CCI on chart: this is usefull to better understand the CCI oscillator.


The CCI is calculated using the typical price and the simple average of the typical price (TypicalPrice).

Hi ,

More CCI on chart information

the CCI code is :

CCI (14) = [Cm -MM14 of Cm] / [0015 x σ]

Cm = Typicalprice

MM14 (Cm) =14 periods moving average of the typical price;

σ = standard deviation of the typical price compared to MM14.


As we know the CCI is a percentage oscillator ,we deduce :

CCi zero ligne is moving average of typical price

CCI 100% is moving average of typicalprice + factor x standard deviation .

CCI -100% is moving average of typicalprie - factor x standard deviation.

Regards.

sohocool

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---To trade this robot, you have to understand: the CCI indicator

Recently just came across this old indicator by CJA, MTF CCI Bar indicators from MQL5 website.

DoubleCCI_Woodies with zero cross alert.

WCCIPatterns_V1 indicator.

Indicator was coded /published now on premium section:

AllClusterCCI Divergence_v1.0 600+ indicator is on this post. This is advanced MTF indicator with Smooth mode, Overbougt/Oversold Levels, Show Regular/Hidden Divergence, Arrows and all kinds of alerts.

CCI of average - indicator for MetaTrader 5

The commodity channel index (CCI) is an oscillator originally introduced by Donald Lambert in 1980.
CCI measures a security’s variation from the statistical mean.
The CCI is calculated as the difference between the typical price of a commodity and its simple moving average, divided by the mean absolute deviation of the typical price. The index is usually scaled by an inverse factor of 0.015 to provide more readable numbers:

where pt is the typical price (high+low+close)/3, SMA is the simple moving average, and MD is the mean absolute deviation.

Smoothed CCI - indicator for MetaTrader 5

Original CCI (Commodity Channel Index) is calculated using what is known as mean absolute deviation. This version is using standard deviation instead. Also, in order to make it less "nervous" (which is probably one of the greatest reasons why CCI is not more popular than it is now), pre-smoothing using double smoothed Wilders EMA added and signals are generated on zero crosses.