Commodity Channel Index

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The Commodity Channel Index function was developed by Donald Lambert. It compares a stock price to its average over a specified number of time periods. Applications of CCI include identification of overbought or oversold conditions, and signaling when a price trend may be weakening.

1. Syntax

COMMCHANNEL(d0,d1,d2,s0)

2. Input

The Commodity Channel Index function requires the following input series:

  • d0 - High data values - The first set of data values for which the Commodity Channel Index is calculated, usually the daily high price of a stock.
  • d1 - Low data values - The second set of data values for which the Commodity Channel Index is calculated, usually the daily low price of a stock.
  • d2 - Close data values - The third set of data values for which the Commodity Channel Index is calculated, usually the daily close price of a stock.

3. Parameters

The Commodity Channel Index function has the following parameter:

  • s0 - Period - The number of time periods to use in the calculation.

4. Output

The Commodity Channel Index function generates the following output:

  • Commodity Channel Index - The Commodity Channel Index result set.

5. See also

Dundas Data Visualization, Inc.
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