Bug in Multicharts Indicator SQ_CCI

I was replicating a strategy and found a bug in CCI indicator.

I think there is a bug in AvgDev calculation.
This line:

AvgDev = AvgDev + AbsValue( Price[Counter] - Mean );

Should be:
AvgDev = AvgDev + AbsValue( Price[Counter] - Mean[Counter] );

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07.09.2019 18:39

Task created

08.09.2019 22:25

Description changed:

I was replicating a strategy and found a bug in CCI indicator.

I think there is a bug in AvgDev calculation.
This line:

AvgDev = AvgDev + AbsValue( Price[Counter] - Mean );

Should be:
AvgDev = AvgDev + AbsValue( Price[Counter] - Mean[Counter] );

11.09.2019 15:03

Voted for this task.

15.10.2019 08:28

Status changed from New to Refused

Hi CooleRnax,

based on what I've found online I think our way of calculation is the right one.

Plus the values of SQ CCI indicator match values from MetaTrader and NinjaTrader default CCI implementations.

Best regards,

Tomas

Votes: +1