WPR-Based TSI Oscillator with a Colored Signal Cloud

Summary

This document describes a technical indicator that builds a True Strength Index style oscillator from Williams Percent Range values. It adds its own signal line, displayed as a colored cloud, so traders can view the oscillator and its signal relationship together.

The note gives no calculation details, parameter guidance, chart examples, or performance evidence. It also does not explain how the cloud colors map to conditions or how the indicator might be used in a trading rule. Its practical description is therefore limited to the indicator's inputs and visual form; the referenced implementation depends on an external smoothing library.

Key ideas

• The oscillator is derived from Williams Percent Range values.
• It includes a signal line shown as a colored cloud.
• The description does not provide trading rules or performance evidence.
• The implementation relies on a separate smoothing library.

Tags

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