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.