A TradeNavigator RSI Built from TEMA and Multiple Moving Averages

Summary

This indicator combines a conventional RSI with moving average smoothing in two selectable ways. In single mode, it applies a triple exponential moving average (TEMA) to the RSI. In composite mode, it averages that TEMA series with three additional moving averages of the RSI, each of which can use configurable periods, types, and historical shifts.

The example sets an RSI period and separate smoothing settings, including a shifted average, and displays reference levels at 30, 40, 60, and 70. The shifts allow past values to contribute to the composite, which the description says is intended to address signal divergence. The post provides an implementation example but no tests, performance evidence, or trading rules. It does not establish that the added smoothing improves signals, and the indicator’s behavior depends on the selected average types and parameters.

Key ideas

• The indicator offers a TEMA-smoothed RSI mode and a composite mode.
• The composite averages the TEMA-smoothed RSI with three configurable moving averages of RSI.
• Each additional average can have its own period, type, and historical shift.
• The post gives example settings and reference levels but provides no performance evidence or entry and exit rules.

Tags

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