A Higher-Timeframe RSI Force Oscillator from RSI and Its EMA

Summary

This oscillator derives its input from the close at each change of a selected higher-timeframe interval, weekly by default. It calculates a 14-period RSI on that sampled series, smooths the RSI with an EMA, and uses the difference between the two to form upper and lower force lines, alongside their midpoint and a zero reference.

The author suggests reading the blue line above the red as bullish and the reverse as bearish, or using the zero level as a possible signal reference. The script is a compact visualization rather than a fully specified strategy: it provides no entry, exit, risk, or position-sizing rules, and no backtest or performance evidence. Its fixed calculation lengths and higher-timeframe sampling also limit how much the user can tune the oscillator from the supplied inputs.

Key ideas

• The indicator samples closes when the selected higher-timeframe period changes, with a weekly default.
• It calculates RSI on the sampled price series and compares it with an EMA of that RSI.
• The difference between RSI and its EMA creates two force lines, with a midpoint and zero line for reference.
• The author interprets the blue line above the red as bullish and the reverse as bearish.
• The document gives no tested trading rules or performance results.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.