Fan WRSI with Average line is an RSI fan by J. Welles Wilder in the form of an oscillator in a separate window with the average line.
Oscillator values oscillate with the +1/-1 range

There are seven configurable parameters:

  • First RSI period - first CCI calculation period

  • Applied price

  • RSI count - number of RSI in the fan

  • Incremental method - method of incrementing RSI period values:

  • Addition

  • Multiplication

  • Coefficient of increment - increment ratio

  • Smoothing period - middle line smoothing period

  • Smoothing method - middle line calculation method