Unsmoothed RSI Indicator and Its Configuration Parameters
Summary
This brief indicator description explains that an unsmoothed Relative Strength Index is plotted in a separate chart window. It identifies four configurable inputs: the calculation period, the price series applied in the calculation, and the overbought and oversold threshold levels. The description is useful as a basic orientation to the indicator’s display and setup, particularly for someone encountering it in a trading platform.
The text does not specify the RSI formula, how unsmoothing differs from a conventional RSI, recommended parameter values, or how to interpret signals in different market conditions. It also gives no strategy rules, examples, or performance evidence. As a result, it describes an indicator component rather than establishing a trading method. Users would need to consult implementation details and evaluate any signal rules against their instrument, timeframe, and costs before drawing conclusions.
Key ideas
- The indicator displays an unsmoothed RSI line in its own chart window.
- Its configuration includes a period and an applied price input.
- Users can set overbought and oversold threshold levels.
- The description does not explain the calculation or provide trading rules or evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.