SumRSI: Averaging RSI Across a Range of Periods

Summary

SumRSI is an indicator that averages RSI oscillator values calculated across a user-defined range of periods. Its inputs set the starting and ending lookback lengths, the applied price series, and a horizontal bar shift. The supplied defaults span periods from 3 to 25, use closing prices, and apply no shift.

This makes the indicator a configurable way to combine short- and longer-lookback RSI readings into one measure. The document names the inputs and describes the calculation at a high level, but it provides no formula details, chart interpretation guidance, trading rules, or empirical results. It therefore explains an indicator’s configuration rather than establishing how the averaged RSI should be used or whether it improves decisions. Readers would need the implementation or additional documentation to assess its precise calculation and behavior.

Key ideas

• SumRSI averages RSI readings calculated over a configurable range of lookback periods.
• The user can choose the starting and ending periods, applied price, and horizontal shift.
• The listed defaults use closing prices and periods spanning 3 to 25.
• The document gives no trading signals, validation results, or detailed formula for interpreting the indicator.

Tags

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