From Mladen Rakic
In December 2020 issue of TASC, John Ehlers published an indicator called MyRsi with NET (MyRsi with Noise Elimination Technology) in which he uses a sort of Kendall (auto) correlation to filter out signals.
The only deviation in this version is that we can use desired prices (instead of using fixed close price)
Recommendations
- You can use it as any other rsi
- You can combine the signals from rsi and net line (from visual inspection, it seems that net line tends to produce faster and cleaner signals)
- MyRSI NET is now a vital component of v2v's trading system
PS: For the Super Smoothed MyRSI version, please see: Super Smoothed MyRSI with NET & for the MA type indicator by Mrtools, please see: Moving Averages with NET.
