mrtools wrote: Fri Mar 14, 2025 3:02 am
Hello this is
Constance Brown's description of Composite Index:
The Composite Index was developed to solve the divergence failure problem in the RSI, but its ability to provide specific horizontal levels of support within the indicator adds to its value. The Composite Index takes the normalized formula of RSI and removes the normalization range restrictions. The formula for the Composite Index uses an embedded momentum calculation with a short-term RSI smoothed.
Thank you very much for your reply.
I've gone thru her book and aware of her book's general description about Composite Index, but as per her revelation, she keep the detail usage from publicity due to her clients pressure....
Just try my luck only to see if anybody else have further usage information about this indicator.