CCI formula help

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06/28/2024 at 5:30 AM #234451 quote

Malibu1
Participant

New

Hi,

I am looking to explore modifying the CCI indicator. Can someone help me with the actual code of the CCI.

Here is the actual formula but I don’t know how turn this into code.

CCI=.015×Mean DeviationTypical Price−MA

where:

Typical Price=∑i=1P((High+Low+Close)÷3)

P=Number of periods

MA=Moving AverageMoving Average=(∑i=1PTypical Price)÷P

Mean Deviation=(∑i=1P∣Typical Price−MA∣)÷P

Can anyone help me with this?

TIA

06/28/2024 at 8:03 AM #234459 quote
Iván González
Moderator

Master
Hi, here you have the code:
```
// Calculation of Typical Price
// typicalPrice = (High + Low + Close) / 3

// Parameter for the number of periods
periods = 20 // You can change this value according to your needs

// Calculation of the Moving Average
MA = Average[periods](typicalPrice)

// Calculation of the Mean Deviation
sumDeviation = 0
FOR i = 0 TO periods - 1 DO
    sumDeviation = sumDeviation + Abs(typicalPrice[i] - MA)
NEXT
meanDeviation = sumDeviation / periods

// Calculation of the CCI
myCCI = (typicalPrice - MA) / (0.015 * meanDeviation)

// Return the value of the CCI
RETURN myCCI AS "CCI"
```
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CCI formula help

Platform Support: Charts, Data & Broker Setup

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Malibu1 @malibu1 Participant

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This topic contains 1 reply,
has 2 voices, and was last updated by Iván González
1 year, 7 months ago.

Topic Details

Forum:	Platform Support: Charts, Data & Broker Setup
Language:	English
Started:	06/28/2024
Status:	Active
Attachments:	No files

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