MyRsi with Noise Elimination Technology and Flexible Price Inputs

Summary

MyRsi with Noise Elimination Technology is an RSI-style indicator attributed to John Ehlers and described as using a form of Kendall autocorrelation to filter signals. This implementation permits the user to select the input price series instead of always calculating from closing prices. The document presents it as an indicator that can be applied in a similar way to other RSI tools.

It also suggests interpreting the RSI and the NET line together, with visual inspection indicating that the NET line may produce quicker and cleaner signals. No formulas, parameter settings, charts, backtests, or quantified comparisons are supplied, so that observation is qualitative rather than evidence of improved performance. The material offers a brief idea for signal filtering and combination, but does not specify entry, exit, or risk rules and does not establish how the indicator behaves across instruments or market regimes.

Key ideas

• The indicator combines an RSI-style calculation with a noise-filtering approach based on a form of Kendall autocorrelation.
• Users can select the price series used as the indicator input.
• The document suggests using it like a conventional RSI or combining its signals with the NET line.
• The claim that the NET line gives faster, cleaner signals is based on visual inspection and is not quantified.

Tags

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