Abbreviation: CCI ExpAvg
Category: Price Momentum Indicators: Smoothed
Input Parameters:
| Name | Range | Default |
| High Price | High | |
| Low Price | Low | |
| Closing Price | Close | |
| CCI Periods | Int >= 2 | 5 |
| Deviation Multiplier | Real > 0.0 | 0.015 |
| ExpAvg Periods | Int >= 1 | 5 |
Calculation:
ExpAvg(X, ExpAvg Periods)
where
X = CCI(High Price, Low Price, Closing Price, CCI Periods, Deviation Multiplier)
CCI represents Commodity Channel Index (CCI)
ExpAvg represents Exponential Moving Average
Discussion:
This indicator attempts to smooth the Commodity Channel Index indicator by calculating its moving average. Since it uses an exponential moving average (which gives more importance to the most recent periods than to less recent periods), the smoothing is influenced most by recent periods.