Corr RSI: Configurable Trend and Overbought Signals

Summary

Corr RSI is presented as a configurable RSI variant with an optional correction setting and several ways to define changes in trend or overbought and oversold states. Users can choose signals based on a slope change, a cross of outer levels, a cross of a middle reference level, or a cross of the original RSI value, which can act as a signal line.

The document distinguishes this indicator from step RSI, while noting that it offers multiple RSI styles, including smoothed and rapid variants. It provides no formula, parameter defaults, chart examples, or performance evidence in the supplied text. It advises experimenting with settings, so users would need to evaluate behavior and signals on their own data before relying on the indicator.

Key ideas

• Corr RSI includes an optional correction setting.
• Trend and state changes can be defined using slope or level crossings.
• The original RSI value can serve as a signal line for detecting changes.
• The document says Corr RSI and step RSI are different indicators.
• No formulas or performance evidence are supplied, so settings require independent evaluation.

Tags

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