First, a 13 period average is used, as opposed to the standard RSI 14 period. The TDI indicator also applies the RSI, with a few minor adjustments. There are different variations of Wilder’s original RSI, such as the Connors RSI, Slow RSI, Stochastic RSI and the Laguerre RSI (all available from our NinjaTrader indicators library). when crossing above/below the 30 /70 thesholds. In combination with other tools, you may use the RSI to identify entries, i.e. To avoid premature exits, Wilder therefore combines the oscillator analysis with setting of higher highs or lower lows, in order to identify price failure swings or divergences. However, initial moves into the overbought/oversold areas are often simply early warnings and the price move may still continue. Values above 70 indicate overbought and below 30 oversold scenarios. He also created a constant vertical range from 0 to 100. To minimize price distortions, Wilder therefore added smoothing to the momentum calculation. He developed the indicator to address two common issues seen with momentum calculations: The RSI is among the most popular oscillators and was first introduced by Welles Wilder in his book, New Concepts in Technical Analysis (1978). ![]() ![]() The TDI indicator combines the RSI in three (3) timeframes, along with the Bollinger Bands.
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