Step RSI AM
This indicator is an interpretation of the values of the classic indicator - RSI. A filter is used to smooth the sharp fluctuations of the indicator values, eliminating the weak changes and focusing the trader's attention on strong fluctuations of values. The indicator is not redrawn on completed bars. The indicator is a viable alternative to such oscillators as: ATS Snowfall, FATL Momentum AM, Fine Trade AM, TTF Osc AM. For greater efficiency of this indicator, it should be used in conjunction with the indicators that identify the trend direction, as well as support/resistance levels, such as: SuperTrend AM, EasyTrend AM, Line Balance AM, Step SAR AM.
- RSI_Price - priced used for indicator calculation;
- RSI_Period = indicator period;