Commodity Selection Index (CSI)

The Commodity Selection Index is a composite indicator calculated by multiplying the ADXR (Average Directional Movement Rating) and the ATR (Average True Range) by a constant that incorporates the move value, commission and margin. The CSI selects commodities that are suitable for short term trading (those with high CSI values).

The Commodity Selection Index was developed by J. Welles Wilder and is described in his 1978 book New Concepts In Technical Trading Systems.

Formula:




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