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Wave Segregation Index: Combining CCI, ADX, and Typical Price

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Summary

The Wave Segregation Index (WSI) is presented as a histogram oscillator built from the Commodity Channel Index, the Average Directional Index, and typical price. Its calculation multiplies CCI by typical price and ADX, then divides the product by 1,000. Typical price is the average of the high, low, and close. Users can adjust the lookback periods for CCI and ADX.

The description explains the inputs and arithmetic but does not provide signal thresholds, interpretation rules, or examples of how to trade with the oscillator. It also gives no backtest or comparison with the component indicators, so it does not establish whether WSI adds predictive value. Its usefulness is mainly as a definition of a custom technical indicator; parameter selection and practical application would need independent evaluation.

Key ideas

  • WSI combines CCI, ADX, and typical price into a histogram oscillator.
  • The calculation multiplies CCI, typical price, and ADX, then scales the result by 1,000.
  • CCI and ADX lookback periods are adjustable inputs.
  • The description provides no trading rules or evidence of predictive performance.

Tags

Technical indicatorsStatistics

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