Fan WRSI Oscillator with a Configurable RSI Fan and Average Line

Summary

The document describes a Fan WRSI indicator: a separate-window oscillator based on multiple RSI calculations, accompanied by a smoothed average line. Its values are scaled to oscillate between positive and negative one. The fan is built by varying RSI periods according to a configurable increment scheme, which can use addition or multiplication.

The listed settings control the initial RSI period, applied price, number of RSI calculations, increment method and coefficient, and the smoothing period and method for the middle line. The description identifies the indicator’s construction and configuration, but does not explain signal interpretation, entry or exit rules, or how the indicator performs in trading. It provides no chart examples or backtest results, so traders would need to define and evaluate any use of the oscillator independently.

Key ideas

• The indicator combines multiple RSI calculations into an oscillator in a separate chart window.\nIts values range from negative one to positive one.\nRSI periods can increase by addition or multiplication.\nA configurable smoothed average line accompanies the oscillator.\nThe document provides no trading rules or performance evaluation.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.