Smoothed Difference of Fast and Slow RSI Values
Summary
The document defines a histogram oscillator built from two Relative Strength Index series with different lookback periods. It subtracts the slow RSI from the fast RSI, then applies a simple moving average to that difference. The resulting smoothed series is displayed as a colored histogram, providing a visual way to compare shorter-term and longer-term RSI readings.
The three adjustable inputs are the fast RSI period, slow RSI period, and smoothing period. The document explains the calculation but gives no threshold rules, market examples, backtest, or evidence that the indicator generates profitable signals. As with other derived technical indicators, interpretation and performance would depend on parameter choices, instrument, and timeframe; the source does not assess those limits empirically.
Key ideas
- The oscillator subtracts a slow RSI from a fast RSI.
- A simple moving average smooths the difference before it is displayed.
- Users can adjust both RSI lookback periods and the smoothing period.
- The description provides no 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.