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<SPAN
class=657381219-01072004>The built-in CCI does this, right? Dividing its results
by 0.015 (again, probably) gives values like -2, +3 etc, not at all like what
we're used to seeing for the CCI.
<SPAN
class=657381219-01072004>
<SPAN
class=657381219-01072004>IOW, AB's CCI is pretty much industry standard, like
we'd hope.
<SPAN
class=657381219-01072004>
<SPAN
class=657381219-01072004>Dave
<BLOCKQUOTE dir=ltr
>
<SPAN
class=798424817-01072004>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
<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.
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