On request by FXPRO/MT4 Refugee I've developed the following indicator.
In addition to RSI Smoothing, you have the option further, averaged, closing price,
before RSI.
You can choose two moving averages.
Hide RSI.
RSI_Smoothing.lua- (8.63 KiB) Downloaded 859 times
Comparison of the classic RSI indicator, and RSI indicator of the same period,
based on the moving average of price.
It has less noise, extreme, over bought / sold indications are more frequent.
