Oscillator Adaptable RSI, unlike standard RSI, allows you to select a method to calculate intermediate data that is calculated in standard RSI by the SMMA method only.
It has five configurable parameters:
- Period – calculation period
- Method – intermediate data calculation method
- Applied price – calculation price
- Overbought – overbought level
- Oversold – oversold level
Calculations:
ARSI = 100.0-100.0/(1.0 + MA_Gain/MA_Loss)
where:
MAGain = MA(Gain, Period, Method) MALoss = MA(Loss, Period, Method)
- If diff > 0
Gain = diff
- Otherwise
Gain = 0
- If diff < 0
Loss = -diff
- Otherwise
Loss = 0
diff = Price - PrevPrice Price = MA(Applied price, 1)
In figures below, the Adaptable RSI is shown as compared to standard RSI:
Fig 1. Period 14, method SMA
Fig. 2. Period 14, method EMA
Fig. 3. Period 14, method SSMA
Fig. 4. Period 14, method LWMA
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