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Indicators: Candlestick Index Blau_CSI

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Automated-Trading 2011.07.12 14:07 

Candlestick Index Blau_CSI:

Candlestick Index (CSI, based on Candlestick Momentum Indicator) is described by William Blau in the book "Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis".

The values of Candlestick Index are normalized (price range) and mapped into the [–100,+100] interval. The positive values of CSI correspond to overbought states of the market, the negative values correspond to the oversold states of the market.

Author: Andrey N. Bolkonsky

Candlestick Index by Wiliam Blau

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