Delta Momentum Indicator

18小时前

Delta-RSI Oscillator Strategy:

This strategy illustrates the use of the recently published Delta-RSI Oscillator as a stand-alone indicator.

Delta-RSI represents a smoothed time derivative of the RSI, plotted as a histogram and serving as a momentum indicator.

There are three optional conditions to generate trading signals (set separately for Buy, Sell and Exit signals):
Zero-crossing: bullish when D-RSI crosses zero from negative to positive values (bearish otherwise)
Signal Line Crossing: bullish when D-RSI crosses from below to above the signal line (bearish otherwise)
Direction Change: bullish when D-RSI was negative and starts ascending (bearish otherwise)
Since D-RSI oscillator is based on polynomial fitting of the RSI curve, there is also an option to filter trade signal by means of the root mean-square error of the fit (normalized by the sample average).