CCI that takes into account the volume and, therefore, corrects the common errors of the CCI standard.
The Commodity Channel Index, or CCI, is a technical indicator of the family of oscillators, developed by American Donald Lambert in the early 1980s. Originally designed to study commodity markets, the CCI has seen its popularity spread a Equity markets where it shows a comparable performance.
Very close to the stochastic indicator, the ICC has a particularly nervous behavior in its evolution and can be discouraged in the first reading since the oscillations are short in its period.
The higher the ICC, the more overheated the price (overbought). Conversely, a very weak CCI indicates a neglected, or oversold, title in the jargon of technical analysts.
- Scale Ratio
- MA Period
- Volatility Period
- CCI Period
Update consensus with the rest of my products to version 2.5.
Added new description and link to the comments on the web.