Cuttler RSI indicator

via forex-tsd.com

Noticed just now that we do not have a Cuttler RSI in a standalone version here, so posting this one to fill in the gap.

Some more information about Cuttler's RSI can be found here:
http://en.wikipedia.org/wiki/Relative_Strength_Index

On the example picture gray is the regular RSI and red is the Cutller's RSI. It is a bit "faster" than the regular RSI and partially avoids the "flattening" problem of regular RSI. Also, unlike the regular rsi, the slope (the slope to the previous value) of this one actually changes with different calculation lengths.

Posted via email from newdigital world