Slow RSI (SRSI)

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 follows the same approach as the standard Relative Strength Indicator. Recent up moves and down moves are compared on a scale from 0 to 100. The Slow Relative Strength Index is customized for higher timeframes comparing the last close with an exponential moving average.

The indicator is available for NinjaTrader 8.