The Super RSI™ is a massive update to the classic RSI that so many traders rely on. Aside from the limitless customization options, the features that we find the most useful are the Divergence signals, the Dynamic OverBought/OverSold Levels (DOBOS™), and special DOBOS™ Reversal signals.

One of the major problems with the classic RSI is that so many traders rely on the fixed OB/OS Levels of “70” and “30”, which are NOT the correct or ideal levels.  Since price is constantly changing, the only way to calculate the optimal OB/OS Levels is to take recent price moves and RSI values into consideration.  Our proprietary DOBOS™ technology does just that by calculating the perfect OverBought and OverSold Levels — making diagnosing the trend and spotting reversals much more accurate than ever before.

The Super RSI™ Indicators are effective across all timeframes and chart types, so the “best” will be whatever is most compatible with your specific trading style.  Keep in mind that price data and liquidity almost always improve as the timeframe increases (a 1-minute chart will often exhibit more random price movements than a 60-minute chart).

The default settings are what we personally use and what we felt was a good starting point for a wide range of trading styles.  We strongly encourage you to experiment with various combinations of input settings to determine which are best for your specific trading style, but here are some general guidelines:

Length of 8:  Quick on trend changes – more erratic behavior and prone to whipsaws
Length of 13:  Provides a good balance between fast and slow
Length of 21:  Slower on trend changes – stable behavior and prevents whipsaws (a bit of lag)

Price Smoothing of 1:  Will not apply any price smoothing, erratic and no lag (use this to mimic the original RSI)
Price Smoothing of 3-5:  Provides a good amount of smoothing with a small amount of lag
Price Smoothing of 8:  Provides fantastic smoothing, very stable with moderate lag

Divergences occur when price and the Super RSI™ are moving in opposite directions instead of what is normally expected.

A Bullish Divergence occurs when the Super RSI™ value increases while Price decreases.  A Bearish Divergence occurs when the Super RSI™ value decreases while Price increases.

Both price and the Super RSI™ values normally move in the same direction, so it is significant and important to identify when they begin to diverge and move in opposite directions.  This “disagreement” serves as an important warning sign for traders, by alerting you of the increased likelihood of a price reversal, retracement or correction.  Many swing highs and lows in price are marked by such divergences, making them effective entry and exit signals.

Many Fibozachi Indicators include an innovative and proprietary feature called “DOBOS™”, which stands for “Dynamic OverBought/OverSold Levels”.

These special OB/OS Levels are calculated using recent price movements and RSI values to pinpoint the ideal values for the OverBought and OverSold Levels.  This is a much more accurate and effective method of determining the OverBought and OverSold Levels of an Indicator.  Instead of always relying on fixed or static values like “100” and “-100”, DOBOS™ will automatically synchronize the OB/OS Levels after each bar so that you remain in perfect harmony with the current market.

These reversal signals are a blend of special conditions that must occur when the RSI value is either OverBought or OverSold and then reverses its slope.

If all conditions are satisfied, then a DOBOS™ Reversal signal is triggered and plotted.  These signals are rare, but they are extremely accurate and often catch major tops and bottoms in price — making them very effective entry and exit signals.

The Super RSI™ Indicators include optional alerts for a variety of different conditions and signals, such as Divergences, DOBOS Reversal Signals, RSI Avg. Crossovers, Midline Crossovers, and Slope Reversals.  

Check out the following screenshots to see how to enable and disable alerts for your trading platform:

NinjaTrader Alert Configuration

TradeStation Alert Configuration

MultiCharts Alert Configuration

The Super RSI™ Indicator Package includes a specialized scanner Indicator that is designed to be used with the Market Analyzer (NinjaTrader), RadarScreen (TradeStation), or Market Scanner (MultiCharts).  You’ll also receive fully configured templates and workspaces so that you can begin scanning for signals and trend conditions immediately!

We can program just about anything, especially when it is a modification of our existing Indicators.  If you want to add a new feature or make some tweaks and modifications to the existing Indicators, we’ll be happy to provide you with a custom version at a discounted programming rate.  And if we think your suggestion would be truly beneficial to every trader, we may even offer to program it for free!

The Super RSI™ Indicators can be used in your own custom strategies and Indicators by purchasing the “Super RSI™ User Functions”, which are sold separately for $145 (half the cost of the Indicator Package).  

* You must own the Super RSI™ Indicator Package to use the Functions since they reference the Indicators.

The Super RSI™ Package includes excellent trend-based Indicators that are a perfect complement to all other technical Indicators.  They will work even better when paired with any of our other trend-based Indicator Packages — Vol.T™: Volume-Tick Indicators, Trend-Traffic™, Super MACD™, Super DMI™, Super Stochastics™, Super CCI™, and ZMA™.

The Super RSI™ MTF Indicator (Multiple-Time-Frame) is a powerful add-on that will allow you to monitor the Super RSI™ trend conditions and signals on up to 5 different timeframes at once!

Click here to see the Super RSI™ MTF Indicator in action!