The RSI (Relative Strength Index) is one of the most popular technical indicators used by novice and professional traders alike. It does have one major problem though — the regular version of the RSI hasn't been updated or improved upon since it was first created by Welles Wilder back in 1978!
Though the RSI used to be a great trading indicator, the lack of any updates has made it less effective in today’s dynamic, fast-paced markets. As markets evolve, the technical indicators that we rely on to trade successfully must also evolve. Our Super RSI™ Indicator Package overcomes the limitations of the old RSI and offers several powerful new features — making it more effective than ever before!
The Super RSI™ Indicator Package also includes a special "Scanner" Indicator designed to scan for signals and trend conditions using the NinjaTrader Market Analyzer, TradeStation RadarScreen or MultiCharts Market Scanner. And all columns, colors, and text are fully customizable!
The Super RSI™ includes a special “Divergence Engine” unlike anything you have seen before. It is trader-friendly, easy to use, and offers many advanced features, settings, and customizations — making it ideal for both novice and professional traders.
Our Divergence Engine issues standard divergences, “Filtered Divergences” and 3-Point Divergences! There are also customizable audio, visual, and email alerts to alert you to each divergence signal!
The Super RSI™ utilizes an innovative and proprietary new feature called DOBOS™, which stands for “Dynamic OverBought/OverSold Levels”. Instead of relying on fixed or static OB/OS Levels like "80" and "20", DOBOS™ automatically adjusts after each bar — keeping you in perfect harmony with price at all times. This is a significantly more accurate and effective method of determining the OverBought and OverSold Levels of an Indicator. Furthermore, the DOBOS™ Reversal Signals are some of the most powerful and accurate of all signals.
Only the Super RSI™ lets you smooth the price data that flows into the RSI formula. By smoothing price data, the plot of the Super RSI™ becomes much smoother than the jagged plot of the original RSI.
Use any averaging method when calculating the RSI — choose between the SMA, EMA, DEMA, TEMA, WMA, TMA, HMA, or GMA!
The original RSI only takes the previous closing price into account. The Super RSI™ gives you the option to use the (OHLC / 4) of each bar instead of the closing price — allowing all available price information to be included in the calculation of the RSI value.
The Super RSI™ has optional “Bollinger Bands” that are based on the values of the RSI instead of price — giving you access to an enhanced and unique perspective of the RSI!
You can easily activate or deactivate each of the various to prevent being distracted by signals that you aren’t trading.
The Super RSI™ PaintBar is a visual aid that lets you monitor the RSI trend conditions directly from the chart or price panel. It uses advanced, flexible color-coding techniques to give you complete control over the appearance of all colors and plot styles.
The Super RSI™ includes our state-of-the-art “Divergence Engine”, which automatically detects bullish and bearish divergences between the Indicator and Price. When a valid divergence is detected, the Super RSI™ 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 to ensure you won't miss any divergence signals. Our Divergence Engine is truly the most effective and customizable tool of its kind!
* These proprietary features and capabilities are exclusive to our Divergence Engine — you won't find them anywhere else!
The Super RSI™ Indicator Package also includes a special "Scanner" Indicator designed to scan for signals and trend conditions using the NinjaTrader Market Analyzer, TradeStation RadarScreen, or MultiCharts Market Scanner. And all columns, colors, and text are fully customizable!
As you can see in the screenshots below, using the Super RSI™ with the NinjaTrader Market Analyzer, TradeStation RadarScreen, or MultiCharts Market Scanner allows you to scan for RSI signals across any list of symbols — in just seconds!
You can exchange your Indicator Package for another of equal or lesser value — up to 30 days after purchase!
(Click the Image Below to View the User Guide)