smoothed_rsi

Description:
A well-known and vastly used momentum indicator, a Relative Strength Index (RSI) by J. Welles Wilder Jr., aims to evaluate the current price to its oversold/overbought area while giving an overview of bearish/bullish momentum. In this indicator, simply adding the super-smoother function (John F. Ehlers) was applied to the RSI line to create a more smoothed line and reduce its noise.

RSI:
RSI = 100 - 100/(1+RS)
RS = AvgUp/AvgDown
super_smoother(rsi)

Notes:

• RSI > 70 indicates overbought
  
• RSI < 30 indicates oversold
  
• direction of the RSI line
  

เอกสารเผยแพร่:

adding trendline options to identify e.g. divergence occurrence