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Wave Segregation Index - WSI
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=1060
Forum: 17 · Topic 1060 · 6 post(s)
Wave Segregation Index - WSI
Apprentice · Wed May 19, 2010 9:13 am
WSI
The indicator has been written on request and based on the concept given by the user.
WSI = (CCI[100]*TypicalPrice * ADX[100]) / 1000
Purpose of indicators is Elliot wave count. The overbought & oversold lines for this indicator are +1.5 & -1.5
MT4/Mq4 version. viewtopic.php?f=38&t=64458
The indicator was revised and updated
Re: Wave Segregation Index - WSI
WWMMACAU · Fri May 21, 2010 10:43 am
Hi Apprentice, Can you explain how to Elliot wave count.
Thanks
Re: Wave Segregation Index - WSI
Apprentice · Sat May 22, 2010 4:57 am
The indicator has been written on request from Summerset.
http://fxcodebase.com/code/viewtopic.php?f=27&t=1049&start=0
I think he is the authority for this indicator.
I have not had time to do analysis.
It seems that Crossover of WSI below or above the zero line indicate the formation of a new Elliot wave.
Re: Wave Segregation Index - WSI
summerset · Sat May 22, 2010 1:12 pm
The indicator filters out wave 3 breakouts pending a wave 1-2, on the assumption that a trader can only trade a wave 3 breakout on any frame.
When ever the cycle WSI (100 periods) breaks > 1.5 or <-1.5, a bull or bear w-3 has broken out. And can be counted into a 5-3 sequence on the pulse WSI (14 periods).
The oscillator has the following applications;-
1- The trader can take signals of the 14 period WSI, once the cycle (100 period) WSI is >1.5 or below 1.5.
2- The trader can acurately count a complete Elliot cycle using the pulse WSI between 2 cycle bottoms on the cycle WSI, enabling the trader to enter at the end of a cyclic correction.
3- Using specific values from the WSI higher cycle, the trader can tell when a Wave 1-2 swing pivot is about to breakout into a wave -3 to make an early entry.
These 3 aspects are best explained, and how to implement them- with examples, on slides that I will mail WWMMACAU , and any other interested parties in the Oscillator’s use.
All the Best Sincere Regards Summerset
Re: Wave Segregation Index - WSI
Alexander.Gettinger · Tue Feb 01, 2011 11:22 pm
Modification of indicator with border line for suitable use in strategies. Download:
Re: Wave Segregation Index - WSI
Apprentice · Thu Mar 02, 2017 8:05 am
Indicator was revised and updated.