Indicators: Schaff Trend RSI
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Schaff Trend RSI:
Schaff Trend Series indicator that is less known.
While Schaff Trend Cycle is a sort of a double smoothed stochastic of a MACD, this is an RSI of the MACD. It partially reminds of a RSI of Moving Average, but the difference is significant enough to have it as a new indicator. Also, do not expect to have values similar to the Schaff Trend Cycle - they are calculated in a completely different way, and the results are very different.
Author: Mladen Rakic