Color Zero-Lag RSI Built from Five RSI Indicators

Summary

The document describes a colored oscillator analogous to the Relative Strength Index that is calculated from five RSI indicators. Its editable variables are exposed as indicator inputs, and one group of inputs, FactorN, represents the unit weight assigned to the corresponding TriX component in the indicator’s total value. This establishes that the output combines multiple RSI-based elements with weighted contributions rather than relying on a single RSI series.

The description cautions that the input variables are interdependent and should be adjusted carefully. It offers no formula, chart interpretation rules, recommended settings, or evidence from historical or live trading. In particular, it does not explain how the five RSI values are combined, how the weights affect the oscillator, or what color changes mean for a trading decision. The document is therefore useful as a high-level account of the indicator’s construction, but its practical value and behavior require fuller documentation and independent testing.

Key ideas

• The oscillator is based on five RSI indicators.
• Editable variables are supplied as indicator inputs.
• FactorN inputs represent weights for corresponding TriX components in the total value.
• The inputs are interdependent, so parameter adjustments may affect one another.
• The description does not provide signal rules or performance evidence.

Tags

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