Using RSI(OMA) Zone Changes as Trading Signals

Summary

The document describes an RSI swings indicator derived from RSI(OMA), with its behavior tied to the zone occupied by the calculated values. It says users can choose among simple, exponential, smoothed, or linear weighted moving averages for the RSI(OMA) calculation, and suggests using changes in the indicator’s color as signals.

The explanation gives no precise signal rules, parameter settings, market, timeframe, or examples. It also provides no performance results or testing method, so it does not establish whether color changes predict price moves or how the indicator should be traded. The indicator concept is useful as a basic description, but the material is too brief to support implementation or evaluation without additional specifications and testing.

Key ideas

• The indicator is based on RSI(OMA) and the zone its values occupy.
• The RSI(OMA) calculation can use several types of moving averages.
• Color changes are suggested as potential signals.
• The document does not define signal thresholds or report performance evidence.

Tags

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