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Attachments: RSI Simply smoothed
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RSI Simply smoothed

  • Post #1
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  • First Post: Aug 24, 2011 9:37am Aug 24, 2011 9:37am
i was looking for smoothed RSI but not so different with original RSI.
John Ehlers's Smoothed RSI(SRSI) was really smoothed but it's really different. it uses different units.
as you know, original RSI bounces between 0 to 100. but SRSI is bouncing between 0 to 1.
it's greet signal generator but not exactly same with RSI imo.
because there are hundread usage of RSI rather than crossing 50 line.
however, i just replaced Close Price to 5 Period of Linear Regression in RSI Calculation.
then i got what i wanted. all three indicators used same period (14)
hope it's helpful to someone
Attached Image (click to enlarge)
Click to Enlarge Name: rsi.png Size: 62 KB
This is interesting, can you post the indicator? I'd like to test it out.

Thanks,

Cory
Hi,

few versions of RSI i've posted here: http://www.forexpnf.info/forex-indicators/
ctrl+f , and type "rsi".

Maybe you'll find something useful.
  • Post #4
  • Quote
  • Last Post: Aug 25, 2011 7:36am Aug 25, 2011 7:36am
Quoting Cbh123
This is interesting, can you post the indicator? I'd like to test it out.

Thanks,

Cory
i can't offer the indicator file because i use some weird trading platform.
i will write easy language code instead. hope someone convert it to another.

Inserted Code
Inputs : RSIn(14), Smooth(5);
Vars : LR(0), Delta(0), RS(0), RSI(0);

LR = LinearRegression(Smooth); #calling linear regression function
Delta = LR-LR[1];

RS = xaverage(IFF(delta>0, delta, 0),RSIn) / xaverage(IFF(delta<0, abs(delta), 0), RSIn);
RSI = 100 - (100 / (1+RS))

Plot1(RSI);
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