Abbreviation: RSI ExpAvg
Category: Price Momentum Indicators: Smoothed
Input Parameters:
| Name | Range | Default |
| Closing Price | Close | |
| RSI Periods | Int >= 1 | 5 |
| ExpAvg Periods | Int >= 1 | 5 |
Calculation:
ExpAvg(X, ExpAvg Periods)
where
X = RSI(Closing Price, RSI Periods)
RSI represents Relative Strength Index (RSI)
ExpAvg represents Exponential Moving Average
Discussion:
This indicator attempts to smooth the Relative Strength Index indicator by calculating its moving average. Since it uses an exponential moving average (which gives more importance to the most recent periods than to less recent periods), the smoothing is influenced most by recent periods.