SRSI Slow RSI for NT8

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 (SRSI) 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 SRSI is best used when aligned with a higher timeframe trend / momentum bias. You may also increase the probability of successful trades by “buying support and selling resistance”, validating setups with volume analysis. For additional information, please review the Relative Volume indicator, the Parabolic SAR, the Current Day Fibonacci Levels and the Moving Average Wave. You may also want to review our Indicator Spotlights on the TDI indicator, Heikin Ashi candles, Daily Pivot Levels and Fibonacci Retracement Lines.

Other library momentum oscillators

Other than the SRSI, our standard momentum oscillators category feature a number of other entries, such as the Awesome Oscillator, the LBR 3/10, the Stochastic Momentum Index and the Fast Stochastics. We also have a category for advanced oscillators, with among others the Laguerre RSI and the SVE Stochastics ITF. These tools build on the same concept as the standard momentum oscillators, but with a higher degree of sophistication. In general, they allow for added value approaches, utilizing a set of more complex algorithms.

The TDI indicator was reviewed in the Indicator Spotlight newsletter. The Ichimoku Kinko Hyo, also discussed in our Indicator Spotlight, has certain similarities with the MACD and the Donchian Channel mid line.

The Slow RSI indicator is available for NinjaTrader 8.