This is standard Commodity Channel Index (CCI) indicator, however with implemented Noise Reduction mechanism, so it give much less negative sygnals to trade.
Indicator input parameters:
CCIperiod – indicator period
Price (defauld = 4) – price type, allowed numbers:
- 0 – Price Close value
1 – Price Open
2 – Price High
3 – Pice Low
4 – Price median value (high+low)/2
5 – Price typical value (high+low+close)/3
6 – Price Weighted value (high+low+close+close)/4
Sens – allowed calculating error