The Weighted CCI indicator consists of two CCIs (fast and slow), which are calculated taking into account the ratio of two ATRs (fast and slow) and two maximum overbought/oversold levels. The indicator shows two lines in a separate window: the fast CCI line and the slow CCI line.
It has ten input parameters:
CCI Fast period – fast CCI calculation period;
CCI Slow period – slow CCI calculation period;
Weight – influence of ATR values on CCI values;
ATR Fast period – fast ATR calculation period;
ATR Slow period – slow ATR calculation period;
Applied price – price used for the calculation of two CCIs;
Overbought max – the maximum overbought value (used in calculations);
Overbought – the overbought level;
Oversold – the oversold level;
Oversold min – the minimum oversold value (used in calculations).
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