There are 2 versions of this indicator.
First of all a bit about what this indicator is doing : some "dynamic" versions add bands to rsi in order to make RSI more responsive. This one is starting a from another point : it is modifying RSI values instead to do the same goal. In theory, the longer the Smooth1 parameter is the closer the RSI value should be compared to the "classical" RSI. Here is a comparison of a classical version and this one with same RSI periods.
The other version uses "dynamic" levels too (instead of using fixed levels it is calculating deviation of the RSI and uses those values for levels) That way, the levels are adjusting themselves to periods of fast changes too.
To download - go to this post:
http://www.forex-tsd.com/indicators-metatrader-4/1404-dynamic-rsi-6.html#post...
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