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PI x2 Smoothed RSI

The x2 Smoothed RSI is an advanced modification of the classic Relative Strength Index (RSI) indicator. It aims to provide more reliable signals for identifying overbought and oversold market conditions. Here are the key features:

  1. Calculation:

    • The x2 Smoothed RSI is derived from the standard RSI.
    • It applies smoothing to the RSI oscillator, enhancing its accuracy.
  2. Smoothing Methods:

    • The indicator uses a moving average of the RSI values.
    • Traders can choose from various smoothing strengths
  3. Customization:

    • Traders can adjust the smoothing parameters to fine-tune sensitivity.
    • Traders can adjust the period of each RSI.
    • Traders can change the colours of each RSI.
  4. Signal Interpretation:

    • Overbought conditions occur when the Double Smoothed RSI crosses above a certain threshold (e.g., 70).
    • Oversold conditions occur when it crosses below another threshold (e.g., 30).
Remember that the Pipwise x2 Double RSI indicator is a valuable addition to any trader’s toolbox. Feel free to incorporate these features into your Pipwise Indicators! 📈


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