Monday, September 3, 2012

A Smoothed RSI


I came across a different way of plotting the RSI. The Difference between the RSI and the smoothed RSI value (A long term Simple Moving Average) is bias with a value of 50. This is further smoothed and plotted. The result is a smoothed value duplicating the original RSI curve. The resulting smoothed RSI value is a much better representation compared to the original RSI curve which is much jagged. Additionally we can plot a signal line like we do for the MACD. Check it out yourself.

Below is comparison of the original RSI and the smoothed RSI.



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4 comments:

  1. What do the RGB colors correlate to?

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  2. Karthik, do you have the smoothed RSI as an mt4 indicator?
    Thanks

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  3. Maybe you could email me? Thanks
    timw9999@gmail.com

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  4. Wow.!! Great job done. keep up the good work. Is it possible to develop some adaptive indicators eg RSI, etc.. Thx Again -- Ravi

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