File Includes: Indicator - FSRS
Category: Indicator > Miscellaneous
FSRS is the modification of FSK indicator. It uses RSI in the calculation.
The FSRS (Fast & Slow RSI) is constructed from five different parts. The Kurtosis, the Fast Kurtosis(FK), the Fast/Slow Kurtosis(FSK), FSRS and Weighted FSRS.
The Kurtosis(K) portion of this calculation is Momentum(3)-Momentum(3). Which is today's Kurtosis - yesterday's Kurtosis.
The Fast Kurtosis(FK) is 0.3*Kurtosis + 0.97*Kurtosis. Which is the Kurtosis smoothed with an exponential moving average.
The Fast/Slow Kurtosis(FSK) is the FK smoothed with 6 period weighted moving average.
The Fast/Slow RSI is the FSK*1000 + 9 period RSI
The weighted FSRS is the FSRS smoothed with 6 period WMA
The interpretation of the FSRS is identical to the interpretation of the Price ROC. Both indicators display the rate-of-change of a security's price. However, the Price ROC indicator displays the rate-of-change as a percentage whereas the Momentum indicator displays the rate-of-change as a ratio.
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