cci
Calculate the Commodity Channel Index (CCI).
The CCI is designed to detect beginning and ending market trends. The range of 100 to -100 is the normal trading range. CCI values outside of this range indicate overbought or oversold conditions. You can also look for price divergence in the CCI. If the price is making new highs, and the CCI is not, then a price correction is likely.
Examples
from openbb import obb
# Get the Commodity Channel Index (CCI).
stock_data = obb.equity.price.historical(symbol='TSLA', start_date='2023-01-01', provider='fmp')
cci_data = obb.technical.cci(data=stock_data.results, length=14, scalar=0.015)
obb.technical.cci(length=2, data=[{'date': '2023-01-02', 'open': 110.0, 'high': 120.0, 'low': 100.0, 'close': 115.0, 'volume': 10000.0}, {'date': '2023-01-03', 'open': 165.0, 'high': 180.0, 'low': 150.0, 'close': 172.5, 'volume': 15000.0}, {'date': '2023-01-04', 'open': 146.67, 'high': 160.0, 'low': 133.33, 'close': 153.33, 'volume': 13333.33}, {'date': '2023-01-05', 'open': 137.5, 'high': 150.0, 'low': 125.0, 'close': 143.75, 'volume': 12500.0}, {'date': '2023-01-06', 'open': 132.0, 'high': 144.0, 'low': 120.0, 'close': 138.0, 'volume': 12000.0}])
Parameters
- standard
| Name | Type | Description | Default | Optional |
|---|---|---|---|---|
| data | List[Data] | The data to use for the CCI calculation. | False | |
| index | str, optional | Index column name to use with data, by default "date". | False | |
| length | PositiveInt, optional | The length of the CCI, by default 14. | False | |
| scalar | PositiveFloat, optional | The scalar of the CCI, by default 0.015. | False |
Returns
OBBject
results : List[Data]
The CCI data.