Relative Trend Strength
The RTS is a powerful oscillator that allows traders to analyze market momentum with precision. It combines two moving averages, the Relative Moving Average (RMA) and either the SMA (Simple Moving Average) or EMA (Exponential Moving Average), to create a bounded oscillator that ranges from 0 to 100. This indicator is a valuable tool for traders seeking insights into market trends and potential reversals.
Settings
- Name
Source: Basis- Type
- input
- Description
The primary input source for the G-Index oscillator, typically a price value like 'close.'
Default value:close
- Name
Moving Average: MA Type- Type
- SMA | EMA
- Description
The type of moving average used in the G-Index oscillator (SMA or EMA).
Default value:EMA
- Name
Moving Average: MA Length- Type
- integer
- Description
The number of periods used for calculating the moving averages.
Default value:12
- Name
Moving Average: MA Delta- Type
- integer
- Description
The delta value applied in the moving average calculation.
Default value:3
- Name
Moving Average: Smoothing (MA)- Type
- integer
- Description
The smoothing factor applied to the moving averages.
Default value:3
- Name
Index: Smoothing (Index)- Type
- integer
- Description
The smoothing factor applied to the G-Index oscillator.
Default value:5
- Name
Display: Upper Band- Type
- integer
- Description
The upper band value for the G-Index display.
Default value:90
- Name
Display: Lower Band- Type
- integer
- Description
The lower band value for the G-Index display.
Default value:10