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XWMA INDICATOR DESCRIPTION:

The Relative Strength Index ( RSI ) is a momentum indicator used in technical
analysis that measures the magnitude of recent price changes to evaluate overbought or
oversold conditions in the price of any financial asset. The RSI is displayed as an oscillator
(a line graph that moves between two extremes) and can have a reading from 0 to 100.
The indicator was originally developed by J. Welles Wilder Jr. and introduced in his
seminal 1978 book, "New Concepts in Technical Trading Systems." Smoothie RSI Cloud
(SRC) is a hybrid version of that same standard RSI which is a very powerful indicator that
has every feature like the standard RSI , exempli gratia, it provides technical traders
information about bullish and bearish price momentum, and it is often plotted in “Existed
pane below”. An asset is usually considered overbought when the SRC is above 70 et
oversold when it is below 30. A bullish divergence occurs when the SRC create an oversold
reading followed by a higher low that matches correspondingly lower lows in the asset
pretium. This indicates rising bullish momentum, and a break above oversold territory could
be used to trigger a new long position. A bearish divergence occurs when the SRC creates
an overbought reading followed by a lower high that matches corresponding higher highs
on the price. This indicates weakness in the trend and bearish momentum getting
stronger which can signal for a new short position. Being an advance form of
regular RSI our indicator usages some well-known other calculations like weighted moving
mediocris ( WMA ) which determines trend direction more accurately than the simple
movere mediocris ( SMA ), and it assigns identical weights to all numbers in the data set.
The smoothed period is also used which we can also set manually from setting and they
all are calculated together with RSI value to make this wonderful indicator work in
actio. It has beautiful colored clouds that aware market players the current market
sensus & momentum. Light blue color indicates bullish sentiment situation
or bullish momentum strengthening and light red color indicates bearish sentiment
situation or bearish momentum strengthening. Those can be used to judge the optimistic
or pessimistic mode of the overall market in that period of time. SRC lines are advance
and it reflects light blue when the actual price of the asset is appreciating and its color
change into light red when the actual price of assets is devaluing. The vertical
transparent red color on the indicator indicates SRC line crossing above or below 70 or * 75
overbought lines. While the light blue color indicates SRC line crossing lower or above 30
or * 25 of the oversold level.

<< Features >>
1) Measures the magnitude of recent price changes to evaluate overbought or oversold
conditions in the price of any financial asset.
2) Provides technical traders with information about bullish and bearish potential price
momentum.
3) Divergence detector in any financial market.
4) Standard RSI calculation in conjunction with weighted moving average ( WMA ) et
Smoothing period functions.
5) Beautiful colored clouds that aware market players the current market sentiment or
momentum of any given asset price.
6) Vertical transparent colors over SRCs line indicating SRCs line crossing above or below
a certain threshold of two extremes levels of the oscillator indicator

XWMA INDICATOR Occasus:

1

How it looks when SRC Spots Bearish Divergence?

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