Self-Adjusting RSI

22 ביוני 2019

This indicator was originally developed by David Sepiashvili (Stocks & Commodities V. 24:2 (February, 2006): The Self-Adjusting RSI).

The author presented a technique to adjust the traditional RSI overbought and oversold thresholds so as to ensure that 70-80% of RSI values lie between the two thresholds.

He used two algorithms for adjusting:

• Standard Deviation-based
  
• Simple Moving Average-based
  

Easy and straightforward. But this is not a true way.

Source code on request

19 ביולי 2019

הערות שחרור

• Added smoothing
  
• Added OB/OS alerts