Smoothed RSI Pivots with Configurable Support and Resistance

Summary

This indicator calculates RSI using a super smoother, an alternative to the Wilder smoothing used in the conventional RSI calculation. The document says its output resembles RSX, while differing enough to be treated as a separate RSI variant. It does not provide comparative tests or performance evidence, so the resemblance is descriptive rather than a demonstrated equivalence.

It also calculates pivot levels from the RSI values themselves. Users can choose to display the pivot alone or include up to three support and resistance levels. A selected timeframe sets the boundaries used to calculate pivots, while the RSI remains calculated on the chart’s current timeframe. The notes suggest using it like another RSI, but do not specify entry rules, parameter guidance, or risk controls. As with other indicator descriptions, this explains what is plotted rather than establishing that it predicts price movements or improves trading results.

Key ideas

• The RSI variant applies super smoothing to its calculation.
• Its output is described as similar to RSX, with notable differences.
• Pivot levels are calculated from RSI values rather than directly from price.
• The display can include the pivot and up to three support and resistance levels.
• The selected timeframe defines pivot boundaries, while RSI uses the current chart timeframe.

Tags

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