Azzx EMA RSI indicator: alternative to standard RSI

Azzx EMA RSI indicator - is a modified version of of the standard RSI indicatorwhich is calculated according to the method described in the book "Computer Analysis of Futures Markets" by C. Lebo and D. Lucas.

Also, unlike the standard MetaTrader 4 platform indicator, the Azzx EMA RSI uses the exponential moving average EMA instead of the simple SMA.

According to ForTrader, Azzx EMA RSI indicator can successfully replace the standard oscillator in trading strategies based on overbought and oversold levels, increasing the accuracy of market entries.

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Other modifications of the RSI indicator