In Search Of A Better RSI by Alon Horesh
The relative strength index has long been a standard tool for technical analysts. Here, we introduce a new version of it, named the RSING, that offers several important improvements.
The relative strength index (RSI), developed by J. Welles Wilder in the 1970s, is a momentum oscillator that measures the price momentum of a traded asset. It also serves other purposes such as overbought/oversold indications ...