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RSI of alb average - indicateur pour MetaTrader 5
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- Publié:
- 2018.09.09 20:15
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RSI that does not use "pure" price for calculation but uses adaptive lookback average filtered price for calculation
Of price filtering for rsi :
The advantage of using the filtered (smoothed) price is that some of the false signals are filtered out at the source itself (by averaging the price) and it the is omitted (the false signal) in the RSI calculation too. Also, since the average is adaptive it implicitly makes the RSI adaptive too
ALB averages that can be used :
- simple moving average
- exponential moving average
- smoothed moving average
- linear weighted moving average
Usage :
Some experimenting with parameters is advised, but the usage of this RSI is the usual : either use the slope or some significant levels crossing for signals
Stochastic of alb average
Stochastic of adaptive lookback average
RSI of alb average - wnzTSI of adaptive lookback average - with normalized zones