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RSIOMA: A Smoothed-Price RSI with a Signal Line

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Summary

RSIOMA is presented as an RSI indicator calculated from a smoothed price series, with an additional smoothed signal line intended to help identify entries and the prevailing trend. The indicator is displayed in a zero-centered symmetric form. Its configurable inputs include the smoothing method and period for the RSIOMA and its signal line, a momentum period, the applied price, upper and lower trigger levels, and a horizontal shift.

The material provides implementation parameters and notes that the MetaTrader version depends on an external smoothing-algorithm library. It does not explain a complete trading system, specify entry and exit rules beyond the role of the signal line and trigger levels, or provide backtest evidence. Traders would need to assess how smoothing affects signal delay and test the indicator across instruments and market conditions before relying on it.

Key ideas

  • RSIOMA applies an RSI calculation to a smoothed price series.
  • A separately smoothed signal line is included to support entry and trend assessment.
  • The indicator uses a zero-centered symmetric display with configurable trigger levels.
  • Its settings include smoothing methods, periods, applied price, momentum period, and chart shift.
  • The description provides no tested trading rules or performance evidence.

Tags

Technical indicatorsMomentumBacktesting

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