RSI with SMA and EMA

[kt5ssm]

Hi,

Can anyone give me a RSI indicator that contains SMA (that is default - smooth) and an additional EMA?

I'd appreciate that.

Thank you.

[NinjaTrader_Bertrand]

kt5ssm, I don't recall where I picked this one up, but you could check out the file attached. It will work only with SMA's internally in the RSI and Avg calcs. You can then smooth any plot with an additional EMA if desired (also from the UI in your NT chart, as you can for example set the standard EMA to use the RSI as it's input series).

[Harry]

Hi,

Can anyone give me a RSI indicator that contains SMA (that is default - smooth) and an additional EMA?

I'd appreciate that.

Thank you.

The RSI is calculated by using 2 moving averages. These are the steps

(1) Determine whether current close is up or down relative to prior close. If it is up, then upmove = Close[0] - Close[1], else upmove = 0. If it down, then downmove = Close[1] - Close[0], else downmove = 0.

(2) Calculate a moving average of both upmove and downmove

(3) Calculate raw RSI = 100 - 100 / ( 1 + avgUp/avgDown)

(4) Smooth the RSI by calculating a moving average of the RSI.

Basically you can select the moving average in step 2, and you can again select the moving average in step 4.The only restriction applies that you may not use any moving averages that overshoot the value range of the input series, such as many digital filters or zerolagging averages.

Welles Wilder used an EMA for both steps (2) and (4), but you can use anything that you think is good to determine overbought and oversold conditions or price reversals. Attached below is a sample chart showing Wilder's RSI and two modified RSIs built from TMAs and Nyquist moving averages.

Which average would you like to see for step (2) ?
Which average would you like to see for step (4) ?
What is the additional EMA all about?

Are you looking for something like the Traders Dynamic Index, which has the raw RSI smoothed with 3 different SMAs? See second chart attached.

[kt5ssm]

wow I need the second attached chart's RSI

[Harry]

wow I need the second attached chart's RSI

The indicator is available here:

https://www.bigmiketrading.com/download/ninjatrader-7/indicators/799-download.html?view

Elite membership is required at Big Mike's for downloading indicators.

You can also send me a private message with your e-mail, and I will send it to you.