The Slow Relative Strength Index is an adaptation of the classic RSI calculation, customized for use in higher timeframes. The slow RSI calculation compares the close price with an exponential moving average instead of the previous value. Of course, the overall concept remains the same, comparing recent up moves to the down moves on a scale from 0 to 100.

Indicator Description

The Slow RSI plots are overbought, oversold, and the mid line and the default values are 80, 20, and 50 respectively.