RSI [Mema Financial Germany]

🟦 RSI [Mema Financial Germany] – Adaptive RSI with Smoothing Selection

RSI [Mema Financial Germany] is a custom momentum oscillator that builds upon the traditional Relative Strength Index (RSI) by introducing adaptive range analysis and user-selectable smoothing techniques. This enhanced approach offers traders a more responsive and context-aware view of price strength and weakness.

✅ Key Features

📊 Adaptive RSI Calculation:
Uses dynamic high/low ranges instead of static RSI formulas, allowing more sensitivity to current market conditions.

🧮 User-Selectable Smoothing:
Choose between four smoothing methods:
EMA, RMA, SMA, or TMA, depending on your strategy preferences.

🎯 Custom Overbought/Oversold Levels:
Adjust the threshold levels to fit your asset or trading timeframe.

📈 Signal Line:
An EMA of the ARSI value acts as a smoother signal to help detect trend changes more easily.

🌈 Color Fill Zones:
The indicator highlights overbought and oversold areas visually, helping with faster decision-making.

⚙️ How It Works
Calculates the highest high and lowest low over a user-defined period.
Based on the change in that range, it derives a custom price difference (diff).
The price difference and its absolute value are smoothed based on your chosen method.
The ratio between smoothed values is scaled between 0 and 100 — similar to RSI, but more responsive to volatility and trend shifts.
An optional signal line (EMA) helps filter out noise and confirm reversals.

📌 Tips for Usage
Use this indicator in conjunction with price action or trend tools (like moving averages or support/resistance).
Look for divergences, especially when ARSI leaves overbought/oversold zones.
Adjust the length and smoothing type to match different market conditions (e.g., ranging vs. trending).

⚠️ Disclaimer
This tool is designed for educational and analytical purposes. It does not constitute financial advice. Always test and validate strategies on demo accounts before trading real capital.