The RSI Indicator (Relative Strength Index) continues to be one of the most popular technical indicators used by novice and professional traders alike. However, because it is not as effective or accurate in today’s dynamic, fast-paced markets, the classic version of the RSI leaves much to be desired. As markets evolve, the technical indicators that we rely on to trade successfully must also evolve. Our Super RSI™ Indicator Package is specifically designed to overcome the limitations of the classic RSI while also offering several powerful new features.
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The Super RSI™ includes a variety of new features and customizations that you will not find in the original RSI. Check out the comparison chart below to see why the Super RSI™ is far superior to the original RSI.
The Super RSI™ PaintBar enables traders to monitor RSI trend conditions directly from the chart or price panel. By utilizing advanced and flexible color-coding techniques, the Super RSI™ PaintBar allows you to customize the appearance of each plot based upon your own personal preferences.
The Super RSI™ includes our state of the art “Divergence Engine”, which has the ability to automatically detect any valid bullish or bearish divergence between the Indicator and Price. When any valid divergence is detected, the indicator automatically draws a divergence trendline directly onto the chart, alerting you to the increased likelihood of a price reversal. It also includes fully customizable audio and visual alerts so that you can be sure of never overlooking valid divergence signals again.
Our Divergence Engine is unique in that it is truly the most advanced, most customizable tool of its kind available on the commercial market. Traders can now take full advantage of the special features that only our Divergence Engine offers:
Turn Divergences & Divergence Alerts On/Off
Show “Filtered Divergences Only” Option
Automatically Draws Divergence Trendlines on Price & Subpanel
Customizable Color-Coding of Bullish & Bearish Divergences
Modify “Divergence Lookback Length”
Modify “Left Pivot Strength” and “Right Pivot Strength” Independently
Calculates Price Pivots using Closing Price or High/Low Price
Detects Long-Term Divergences by Using 3 Pivots
The Super RSI™ Indicator Package also includes a special pre-formatted “Market Analyzer” Indicator and template for all NinjaTrader users. All of the columns, colors and text are completely customizable so that you can personalize it to your own preferences. As you can see from the screenshot below, using Super RSI™ with the NinjaTrader Market Analyzer and TradeStation RadarScreen allows you to quickly scan an entire list of symbols for the most important information in just seconds! You can also sort the data by any column to organize your scan results into easy-to-read lists.
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