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CCI Scan

Written by Administrator Monday, 31 July 2006 10:00
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The Commodity Channel Index scan, searches for when an x period CCI does the following...

Commodity Channel Index Criteria

  • Crosses above a particular value or
  • Crosses below a particular value or
  • Turns down in direction while below the specified value or
  • Turn up in direction while above the specified value

Properties

The above settings would scan for a 10 Period CCI Crossing Above a Value of -100. The scan would be applied to a Daily chart.

Scan For

  • Crosses Above Value
    Select this option to scan for when the CCI crosses above the value specified in the Value field.
  • Crosses Below Value
    Select this option to scan for when the CCI crosses below the value specified in the Value field.
  • Turns Up - Below Value
    Select this option to scan for when the CCI begins to climb in value while below the specified Value.
  • Turns Down - Above Value
    Select this option to scan for when the CCI begins to decrease in value while above the specified Value.

Period

Select the CCI period (bars) that the scan will be looking for. If this were set to 10 it would search using a 10 period CCI.

Value

This is the setting for the value that the CCI must cross above or below. If this were set to -100 it would look for when the CCI crosses either below or above the -100 value.

Period Type

This setting sets the period type to use when calculating the CCI. For example, by selecting Daily the CCI will be calculated off a day bar period (a daily chart), if it was set to Weekly, it would be calculated off a Weekly bar period (a weekly chart). You can select from the following options.

  • Daily
  • Weekly
  • Monthly
  • Yearly
Last modified on Thursday, 29 April 2010 09:46