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Waves Strength Index 5

The technical indicator Waves Strength index measures the deviation of the price of the instrument from the average values over a certain time period.
Smoothing Filter (default) = 10.
Hint (bar chart) = 5.
Influence (line) = 9.
Sensitivity (line) = 14.

      Ps >= Pi + Ph,  
      Pi > Ph,   where
Ps – period for Sensitivity line;
Pi – period for Influence line;
Ph – period for Hint (bar chart).

WSI is most effective in an active market. The most commonly used indicator signals are intersections, overbought / oversold conditions and discrepancies.

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