Combining Multiple RSI Periods into a Consensus State Indicator

Summary

The RSI Summed indicator evaluates a set of RSI readings across user-specified periods. It marks an upward state when every reading is above a chosen upper threshold, a downward state when every reading is below a chosen lower threshold, and a neutral state when the readings do not agree with either condition. The default period set runs from 14 through 21, and users can replace it with another list.

The document argues that checking multiple RSI periods can produce a different classification from relying only on the slowest RSI, depending on the periods selected. It proposes color changes as potential signals and refers to a comparison with the component RSIs, but supplies no chart, test results, threshold values, or evidence of predictive performance. The indicator therefore describes a way to summarize agreement across RSI horizons, not a complete trading system; its usefulness depends on parameter choices and requires separate validation.

Key ideas

• The indicator compares RSI values calculated over several selected periods.
• It signals an upward state only when all readings exceed the chosen upper level.
• It signals a downward state only when all readings fall below the chosen lower level.
• Mixed readings produce a neutral state, and color changes can be used as signals.
• The document gives no performance testing or guidance for selecting thresholds.

Tags

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