Ian Copsey’s indicator RSS (Relative Spread Strength) was presented in Stocks & Commodities in October, 2006.
The indicator has seven configurable parameters:
- Fast MA period – fast EMA period;
- Slow MA period – slow EMA period;
- RSI period – RSI calculation period;
- Smoothing period – smoothing period;
- Applied price – the calculation price;
- Overbought level – overbought level;
- Oversold level.
Calculation:
RSS = MA(RSI, Smoothing period)
where:
RSI = RSI(Fast EMA(Price) – Slow MA(Price))
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