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))))
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