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Slow Relative Strength Index (amaSRSI) 5 *
Version 1.2 November 25, 2017

The Slow Relative Strength Index (SRSI) is an oscillator which was presented by Vitali Apirine in the April 2015 issue of Stocks & Commodities.

The SRSI is a momentum oscillator derived from the RSI developed by Welles Wilder in 1978. Where the RSI takes into account price moves relative to the prior bar's close, the SRSI compares the current price to an exponential moving average. The SRSI uses the same scale as the RSI. A value above 80 is considered as overbought, whereas a value below 20 indicates an oversold condition.

Compared to the RSI, the SRSI is supposed to generate stronger long term signals, but weaker short term signals. I have added a signal line to the indicator.

Nota: I saw that another version of the SRSI has already been posted. That version is not adapted to work with bar types that support RemoveLastBar() such as Renko bars or Linebreak bars.







Nota: There is another version of the SRSI posted, which will not work correctly with bar types that support RemoveLastBar().


Category NinjaTrader 8 Indicators and More 
 
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Details: Slow Relative Strength Index (amaSRSI)
Category: NinjaTrader 8 Indicators and More 


November 25th, 2017
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Keywords: oscillator rsi srsi wilder
Slow Relative Strength Index (SRSI) 5 *
Exported using NT 7.0.1000.27

The Slow Relative Strength Index (RSI) was presented by Vitali Apirine. Details can be found in Stocks & Commodities V. 33:4 "Slow Relative Strength Index" (April 2015).

The Slow Relative Strength index is similar to the RSI presented by Welles Wilder in 1978, but it has the ups and downs replaced with the differences between the current close and a 6-period EMA. The default lookback period for the indicator is 14 bars, which is identical to the lookback period for the RSI.

I have added a signal line, which is a 10-period EMA of the SRSI.

The indicator has been coded in a way that it can be used with setting COBC = false without generating a significant CPU load.


Category NinjaTrader 7 Indicators 
 
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Details: Slow Relative Strength Index (SRSI)
Category: NinjaTrader 7 Indicators 


March 19th, 2015
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Keywords: oscillator rsi srsi wilder relativestrengthindex
 


 
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