RSI Histogram Oscillator displays a smoothed difference of two different-period RSIs as a colored histogram.
It has three adjustable parameters:
- Fast RSI period
- Slow RSI period
- Smoothing – period of smoothing the difference between two RSIs
Calculations:
OscRSI = SMA(RAW, Smoothing)
where:
RAW = FastRSI – SlowRSI
FastRSI = RSI(Fast RSI period)
SlowRSI = RSI(Slow RSI period)
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