The standard Commodity Channel Index (CCI) indicator uses a Simple Moving Average, which somewhat limits capabilities of this indicator.
The presented CCI Modified indicator features a selection of four moving averages - Simple, Exponential, Smoothed, Linear weighted, which allows to significantly extend the capabilities of this indicator.
Parameter of the standard Commodity Channel Index (CCI) indicator
- period - the number of bars used for the indicator calculations;
- apply to - selection from one of seven types of applied price.
Parameter of the CCI Modified indicator
- period - the number of bars used for the indicator calculations;
- apply to - selection from one of seven types of applied price;
- method - selection from four moving averages.
