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whipsaws and smoothing
Has anyone used an RSI that has been customized/altered so as to improve it?
I use one that is proprietary and that has fewer whipsaws and more reliable divergences. Unfortunately, since it is proprietary, I have no idea what the formula is or precisely how it works. I have a fish, but can't go fishing, in other words.
I would love to get the formula for a smoothed RSI that I could take with me and program into another charting software.
Could an MA be applied to RSI to get this smoothing afffect? Or would that introduce that beast--LAG--into the indicator?
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