WSI - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
The Wave Separation Index (WSI) oscillator is based on the ratio of two indicators: ADX and CCI. It is displayed as a colored histogram.
It has two tunable parameters:
WSI = (CCI * Typical Price * ADX) / 1000.0
CCI = CCI(PRICE_TYPICAL, CCI period)
ADX = ADX(ADX period)
Typical price = (highest price + lowest price + closing price)/3
Attachment download
📎 wsi.mq5 (10.19 KB)
Source: MQL5 #23017
WSI - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
WSI - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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