Fan WRSI with Average line is an RSI fan by J. Welles Wilder in the form of an oscillator in a separate window with the average line.
Oscillator values oscillate with the +1/-1 range
There are seven configurable parameters:
- First RSI period – first CCI calculation period
- Applied price
- RSI count – number of RSI in the fan
- Incremental method – method of incrementing RSI period values:
- Addition
- Multiplication
- Coefficient of increment – increment ratio
- Smoothing period – middle line smoothing period
- Smoothing method – middle line calculation method