Author
ScriptorPublished date
Jan 2, 2019
The Wave Segregation Index (WSI) oscillator is based on the ratio of two indicators: ADX and CCI. It is displayed as a colored histogram.
It has two adjustable parameters:
Calculations:
WSI = (CCI * PriceTypical * ADX) / 1000.0
where:
CCI = CCI(PRICE_TYPICAL, CCI period)
ADX = ADX(ADX period)
PriceTypical = (High+Low+Close)/3
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