RSI Experiment indicator
Did you know about the existence of a popular oscillator "RSI"? If not, we show you its strengths and weak side.
RSI (Relative Strength Index) - this oscillator, which was created famous theorist J. Welles Wilder for assess trend force and find points correction / reversal. Its main advantage - ease of interpretation. But you must consider the fact that it occasionally its signals are contradictory. To reduce the chance of obtaining false signals, classic RSI indicator was modified. This modification was called "RSI Experiment".
This experimental version allows you to calculate the RSI schedule through 3 new methods, such as:
3. Linear weighted.