CCI formula help

• 06/28/2024 at 5:30 AM #234451
  Malibu1

  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=1P​Typical Price)÷P

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

  Can anyone help me with this?

  TIA​

  

  Malibu1

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

  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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  // 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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  Malibu1, druby

  

  Iván

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