Oscillator Adaptable RSI, unlike standard RSI, allows you to select a method to calculate intermediate data that is calculated in standard RSI by the SMMA method only.

It has five configurable parameters:

  • Period - calculation period
  • Method - intermediate data calculation method
  • Applied price - calculation price
  • Overbought - overbought level
  • Oversold - oversold level

Calculations:

ARSI = 100.0-100.0/(1.0 + MA_Gain/MA_Loss)

where:

MAGain = MA(Gain, Period, Method)
MALoss = MA(Loss, Period, Method)

  • If diff > 0 

    Gain = diff

  • Otherwise 

    Gain = 0

  • If diff < 0 

    Loss = -diff

  • Otherwise 

    Loss = 0

diff = Price - PrevPrice
Price = MA(Applied price, 1)

In figures below, the Adaptable RSI is shown as compared to standard RSI:

Fig 1. Period 14, method SMA

Fig. 2. Period 14, method EMA

Fig. 3. Period 14, method SSMA

Fig. 4. Period 14, method LWMA