The William Blau Candlestick Index indicator shows the William Blau candlestick indexes.
It has seven input parameters:
- Period - period;
- Applied price - the calculation price;
- First smoothing period - the initial smoothin period;
- Second smoothing period - the secondary smoothing period;
- Third smoothing period - the resulting smoothing period;
- Upper level - the overbought level;
- Lower level - the oversold level.
Calculations:
CSI =100 * EMA(EMA(EMA( Candlestick Momentum (period) ))) / EMA(EMA(EMA(HH - LL))))
