EMA + CCI INDICATOR FOR INTRADAY TRADING IN MCX - தமிழில் HD

The commodity channel index (CCI) is an oscillator originally introduced by Donald Lambert in 1980 and featured in Commodities magazine in 1980. The Commodity Channel Index (CCI) is a versatile indicator that can be used to identify a new trend or warn of extreme conditions. Lambert originally developed CCI to identify cyclical turns in commodities, but the indicator can be successfully applied to indices, ETFs, stocks, and other securities. In general, CCI measures the current price level relative to an average price level over a given period of time. CCI is relatively high when prices are far above their average. CCI is relatively low when prices are far below their average. In this manner, CCI can be used to identify overbought and oversold levels. The following example is for a typical 20 Period CCI: CCI = (Typical Price - 20 Period SMA of TP) / (.015 x Mean Deviation) Typical Price (TP) =