Commodity Channel Index

This applies to: Managed Dashboards, Managed Reports

The Commodity Channel Index function is based on an indicator 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.

Syntax

COMMCHANNEL(d0,dl,d2,s0,Alignment)

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.

Parameters

The Commodity Channel Index function has the following parameter:

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

• Alignment (Optional) - Hierarchy placeholder to be used as the alignment axis.

Output

The Commodity Channel Index function generates the following output:

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