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Waves Strength Index 4

The technical indicator Waves Strength index measures the deviation of the price of the instrument from the average values over a certain time period.
       Settings:
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.

This is a cool indicator. He speaks without delay about the behavior of the price. Look carefully at the screenshots. What do your see?This is the famous trading method from Gerald Appel!

There is a version for MT5:  https://www.mql5.com/ru/users/meijin/seller

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