CCI Indicator
Invented by Donald Lambert, CCI stands for Commodity Channel Index. There are three parts of CCI Indicator: You can remember it as TMC. While analysing the trend of the price, we can consider closing price, high price or low price. What if we calculate the average of High, Low and Closing price - It is known as a Typical price. Typical price = (High + Low + Close) / 3 If closing price is exactly at mid-range of candle, Typical price would be equal to closing price. Understood Typical price? T in TMC stands for Typical Price. If there are 5 members in a family. We can calculate the average weig...