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Amibroker provides Don Lamberts CCI.
To use woodies CCI in Amibroker
Just use CCI(14) or CCI(6) for the turbo and enhenced this with color
you can enhance the built CCI by adding color and a histogram
Check out the Afl library search for colored CCI.
Regards
Guno
--- In amibroker@xxxxxxxxxxxxxxx, "Dave Merrill" <dmerrill@xxxx>
wrote:
> 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.
>
> IOW, AB's CCI is pretty much industry standard, like we'd hope.
>
> Dave
> 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".
>
> Bob
> According the the help for the CCI function:
>
> "CCI uses internally 'Avg' built-in price array.
> 'Avg' is also known as typical price:
> Avg = ( H + L + C ) /3"
>
> So as far can see, the built in CCI already is doing what
Woodie's CCI
> does in that respect.
>
> 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?
>
> Dave
> 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/3
>
> 2) 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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