Building CCI Candles from OHLC Values
Summary
The indicator calculates four Commodity Channel Index series, one each from the high, low, open, and close prices. It combines these values in a candlestick-style display, giving a view of how CCI varies across the price bar rather than relying on a single price input.
The display can be interpreted like a conventional CCI, including reference levels, or monitored for candles crossing the zero line as a possible trend-change signal. The document provides no parameter settings, chart examples, performance evidence, or rules for confirming signals. Treat the zero-line cross as an indicator cue, not proof of a reversal; the method’s effectiveness and suitable thresholds are not established here.
Key ideas
- The indicator computes separate CCI values from high, low, open, and close prices.
- It combines those four values into a candlestick-style chart display.
- Users can interpret the display with conventional CCI reference levels.
- A cross of the zero line is proposed as a possible trend-change signal.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.