Cutler's RSI

Cutlers RSI is a simple moving average based version of the popular Relative Strength Index momentum oscillator which was developed by J. Welles Wilder and detailed in his book New Concepts in Technical Trading Systems. It analyses Average Gains and Average Losses to measure the speed and magnitude of price movements. The RSI is always between 0 and 100, with stocks above 70 considered overbought and stocks below 30 oversold. Divergence between the price and RSI can also be analysed for potential reversals. Average Gain is calculated as an SMA of the gains in the Period. The Average Loss is similarly calculated using Losses.
Manufacturer: nt8indicators
SKU: CRSI
$9.90

Cutler's RSI is a variation of the traditional Relative Strength Index (RSI) created by Welles Wilder. Unlike the original RSI, which uses an exponential moving average (EMA) to smooth price changes, Cutler's RSI employs a simple moving average (SMA) for calculating the average of gains and losses. This difference in averaging methods results in a slightly smoother indicator that can be less volatile and more consistent over time, especially in varying market conditions.

Traders use Cutler's RSI to assess whether an asset is overbought or oversold, similar to the standard RSI, but its smoother nature may offer a distinct perspective on momentum shifts and trend reversals

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