Syntax
public RSS(DataSeries ds, int fastsmaperiod, int slowsmaperiod, int rsiperiod, int smoothperiod, string description)
public static RSS Series(DataSeries ds, int fastsmaperiod, int slowsmaperiod, int rsiperiod, int smoothperiod)Parameter Description
| ds |
Source Series |
| fastsmaperiod |
Fast SMA period
|
| slowsmaperiod |
Slow SMA period
|
| rsiperiod |
RSI period
|
| smoothperiod |
RSI smoothing period
|
Description
Relative Spread Strength indicator, from Ian Copsey's article in the October 2006 issue of
Stocks & Commodities magazine. RSS measures the relative strength
index (
RSI) of the spread between two
SMA indicators.
Interpretation
Mr. Copsey explains: "Readings above 70 or below 30 merely identify the potential for price to reverse and should not be taken as a trade signal. When an extreme is made, you should study the lower time frame to look for a trade signal. The trade signal could be a break in the trendline or confirmation of a reversal pattern."
Example