Vladimir Kravchuk, "New Adaptive Method of Following the Tendency and Market Cycles"
PCCI (Perfect Commodity Channel Index) indicator is calculated by the following formula:
PCCI(bar) = close(bar) – FATL(bar)
It resembles D. Lambert's Commodity Channel Index by the method of its calculation.
Actually, CCI index is calculated as a normalized difference between the current price and its moving average. PCCI is calculated as a difference between a day closing price and its statistical expectation presented by a FATL value. Therefore, PCCI is more efficient than CCI.
PCCI index is a high frequency part of the exchange rate fluctuations normalized according to its standard deviation.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/409
The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.Average Directional Movement Index (ADX)
The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.