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CCI

Type: cci • Category: indicators

Description​

Commodity Channel Index

Parameters​

NameTypeDescriptionRequiredDefault
highstringList of highest pricesno
lowstringList of lowest pricesno
closestringList of closing pricesno
timeperiodnumberno14

Help​

CCI (Commodity Channel Index)

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Description​

The Commodity Channel Index (CCI) is a technical indicator used to assess the price action of a financial instrument. It measures the difference between the price change and its average price change over a given period.

What does this worker do?​

This worker calculates the Commodity Channel Index (CCI) for a given set of high, low, and closing prices over a specified time period. The CCI is a momentum indicator that helps identify overbought and oversold conditions in the market.

How to interpret the results​

The CCI values can be interpreted as follows:

  • CCI values above 100 indicate overbought conditions, suggesting that the price may be due for a correction or decline.
  • CCI values below -100 indicate oversold conditions, suggesting that the price may be due for a bounce or increase.
  • CCI values between -100 and 100 indicate a neutral market condition.

Parameters​

The following parameters are required to calculate the CCI:

Parameters Schema (JSON)​

{
  "high": {
    "type": "string",
    "description": "List of highest prices"
  },
  "low": {
    "type": "string",
    "description": "List of lowest prices"
  },
  "close": {
    "type": "string",
    "description": "List of closing prices"
  },
  "timeperiod": {
    "type": "number",
    "default": 14
  }
}

Parameters List​

  • high: string - List of highest prices. This should be a comma-separated string of values.
  • low: string - List of lowest prices. This should be a comma-separated string of values.
  • close: string - List of closing prices. This should be a comma-separated string of values.
  • timeperiod: number - The time period used to calculate the CCI. Default value is 14.

Example usage:

{
  "high": "10.5, 11.2, 10.8, 11.5",
  "low": "9.8, 10.1, 9.5, 10.2",
  "close": "10.2, 10.9, 10.5, 11.1",
  "timeperiod": 14
}