In December 2020 issue of TASC, John Ehlers published an indicator called MyRsi with NET (MyRsi with Noise Elimination Technology) in which he uses a sort of Kendall (auto)correlation to filter out signals
The only deviation in this version is that we can use desired prices (instead of using fixed close price)
Recommendations:
you can use it as any other rsi
you can combine the signals from rsi and net line (from visual inspection, it seems that net line tends to produce faster and cleaner signals)
Sma with NET - indicator MetaTrader 5 NET (Noise Elimination Technology) - a sort of a rolling Kendall rank correlation coefficient -was introduced in one of the…
MyRsi - indicator MetaTrader 5 John Ehlers introduced a variation of rsi calculation (as a part of another indicator) that he decided to call MyRSi.…
