The standard indicator Commodity Channel Index (CCI) uses a simple Moving Average – Simple Moving Average, which somewhat limits the capabilities of this indicator.
In the presented CCI Modified indicator, a choice of four moving averages is added – Simple, Exponential, Smoothed, Linear weighted, which allows you to significantly expand the capabilities of this indicator.
- period – the number of bars used to calculate the indicator;
- apply to-choose from seven types of applied price.
- period – the number of bars used to calculate the indicator;
- apply to-choose from seven types of applied price;
- method – select from four moving averages.