ET super RSI v5_3

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Overview:

The ET Super RSI v5_3 is a specialized momentum oscillator that leverages a double-stochastic calculation framework, enhanced with exponential smoothing. Designed for traders seeking early signals and smoother momentum tracking, this indicator is particularly effective in filtering out short-term noise while maintaining responsiveness to market shifts.

How It Works:
Begins with a smoothed stochastic calculation of the close relative to the high-low range over a specified period (PDS).
Applies an additional stochastic process on the result, using a smoothed version of the original signal.
The final line (xTrigger) is an EMA of this double-smoothed stochastic value, offering a stable yet reactive momentum line.

Key Features:

Triple-layer smoothing using EMA for high signal clarity.
Customizable parameters for lookback periods and smoothing lengths.
Reference lines at 80 and 20 help identify overbought and oversold conditions.
A single-line plot simplifies interpretation while preserving analytical power.

Use Cases:

Detecting early momentum reversals.
Enhancing trend-following systems by filtering noise.
Confirming entries and exits in conjunction with other tools.

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Sürüm Notları

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