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RSI Smoothing
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=2742
Forum: 17 · Topic 2742 · 2 post(s)
RSI Smoothing
Apprentice · Fri Nov 19, 2010 5:44 am
On request by FXPRO/MT4 Refugee I’ve developed the following indicator.
In addition to RSI Smoothing, you have the option further, averaged, closing price, before RSI. You can choose two moving averages. Hide RSI.
Comparison of the classic RSI indicator, and RSI indicator of the same period, based on the moving average of price.
It has less noise, extreme, over bought / sold indications are more frequent.
Re: RSI Smoothing
Apprentice · Mon Feb 05, 2018 9:14 am
The Indicator was revised and updated.