RSI of MA is an exponentially smoothed RSI based on exponential moving average data.
It has six input parameters:
- Source EMA period – initial EMA calculation period
- Source applied price – initial EMA calculation price
- RSI period – RSI calculation period
- EMA of RSI period – smoothing EMA period
- Overbought – overbought level
- Oversold – oversold level
Calculation:
RSIofMA = EMA(RSI, EMA of RSI period)
where:
RSI – RSI(SrcMA, RSI period)
SrcMA – EMA(Source applied price, Source EMA period)
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