This is an MT4 version I made of Mladen's MT5 Synthetic Smoothed RSI.
What is the Synthetic Smoothed RSI?
The Synthetic RSI is constructed by averaging three individual RSIs to produce the Synthetic, Smoothed RSI.
Mladen clarifies that the Synthetic "Smoothed" RSI operates similarly to the original Synthetic RSI. Like the original version, this indicator utilizes three different RSIs which are combined to create a "synthetic" value, which is calculated differently than a simple average.
Additionally, the prices are filtered before being used in the RSI calculation. If you want to skip this filtering step, you can set all the EMA periods to
1 or less.The key difference from the Synthetic RSI is that this version employs Ehlers Smoothed RSI for its calculations, resulting in an even smoother Synthetic RSI.
