RSI with 2-Pole Filter

A momentum indicator that tells you if a stock is overbought or oversold.

RSI goes between 0 and 100.

70 = overbought (might fall)

<30 = oversold (might rise)

It often looks jagged or choppy on volatile days.

Think of this filter like a momentum smoother:

It still follows RSI closely,

But it doesn’t react to every little jiggle in price,

Which helps avoid false signals.

it keeps track of:

The current RSI,

The last 2 RSI values (inputs), and

The last 2 outputs (filtered RSIs).

It uses feedback to shape the output based on previous values, making it smoother than a simple moving average.