RE: [amibroker] Re: Woddie's CCI

["Bob Jagow" <bjagow@xxxxxxxxxxxxx>]

Per 
Lambert [via Kaufman], the result is divided by 0.015 "so that 70-80% of the 
values fall within a +100 to -100 channel".
<FONT face=Arial color=#0000ff 
size=2> 
<FONT face=Arial color=#0000ff 
size=2>Bob

  <FONT face=Tahoma 
  size=2>-----Original Message-----From: Dave Merrill 
  [mailto:dmerrill@xxxxxxx]Sent: Thursday, July 01, 2004 10:24 
  AMTo: amibroker@xxxxxxxxxxxxxxxSubject: RE: [amibroker] 
  Re: Woddie's CCI
  <SPAN 
  class=964101617-01072004>According the the help for the CCI 
  function:
  <SPAN 
  class=964101617-01072004> 
  <SPAN 
  class=964101617-01072004>"CCI uses internally 'Avg' built-in price 
  array.'Avg' is also known as typical price:Avg = ( H + L + C ) 
  /3"
  <SPAN 
  class=964101617-01072004> 
  <SPAN 
  class=964101617-01072004>So as far can see, the built in CCI already is doing 
  what Woodie's CCI does in that respect.
  <SPAN 
  class=964101617-01072004> 
  <SPAN 
  class=964101617-01072004>I did see the 0.015 factor mentioned on the Woodie's 
  site, but I don't understand what that's about. How does that "normalize" 
  anything? The plots of Woodie's CCI show it running in the same range that I'm 
  used to seeing for CCI values; it doesn't look like it was multiplied it 
  by 0.015. Do you have more info on this?
  <SPAN 
  class=964101617-01072004> 
  <SPAN 
  class=964101617-01072004>Dave
  <BLOCKQUOTE 
  >Many 
    thanks for your reply. I read the description of CCI function at the AB 
    website. As I understood it, the CCI function in AB calculates the price 
    based on closing price (CLOSE) and the other function CCIa uses H+L+C/3 
    (average of High, Low, and Close price values). Woodie uses CCI that is 
    based on H+L+C/3. In order to be consistent I want to use H+L+C/3. I 
    will be grateful if you can tell me how to modify the code you have 
    described to:1) plot the CCI based on H+L+C/32) eliminate 
    the Turbo CCI (i.e. the 6 period CCI)Can you also tell me if the CCI 
    and CCIa function in AB use the 0.015 factor in their calculation to 
    "normalise" the CCI?Many thanks in 
    advance.Sincerely,Rama.Check 
  AmiBroker web page at:<A 
  href="">http://www.amibroker.com/Check 
  group FAQ at: <A 
  href="">http://groups.yahoo.com/group/amibroker/files/groupfaq.html 
  


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