Slow Rsi

April proposed and Slow RSI of J M Wilder's Version proposed in 1978. Now I am sharing my version.

The SRSI is calculated using the following formula:
SRSI = 100 ‐ [100/(1+SRS)]
SRS = Average positive difference
/Average negative difference
‐‐‐>The SRSI measures the strength of a security relative to a sixday EMA
‐‐‐>The closing price is used for this EMA. The difference is positive when the close is above the six‐day EMA
‐‐‐>Positive difference = [Close ‐Moving average]
‐‐‐>Difference is negative when the close is below the six‐day EMA
‐‐‐>Negative difference = [Moving average ‐ Close]
‐‐‐>Negative difference values are expressed as positive values, not negative values
‐‐‐>If the closing price equals the six‐day EMA, then difference = 0 (no change).

Created By sumana.m
NinjaTrader Version 7
File Size 4.3 KB
Create Date 03/16/2015
# of Downloads 522

Importing to NinjaTrader 7 is Easy!

To import your 3rd party app or add-on to NinjaTrader, simply follow these 3 steps:

  1. Download the app or add-on file to your desktop
  2. From the NinjaTrader Control Center window, select the menu File > Utilities > Import NinjaScript
  3. Select the downloaded file from your desktop

Questions?

Visit the NinjaScript File Sharing discussion in the NinjaTrader user forum to interact with fellow traders and the NinjaTrader support team.