Smoothed Increment MA RSI | MisinkoMaster

The Smoothed Increment MA RSI is my latest creation, being a versatile tool allowing traders and investors not only to catch reversals in Trend, but also catch high value and low value zones, working both as a Trend Following and Mean Reverting indicator for everyone's usage.

Use Cases:

1. Mean Reversion/Value Spotting:
This indicator, because of being based on the RSI, can catch high value and low value zones,
and if you experiment with conditions like:
Entry - values in the green zone
Exit - values in the red zone and downtrend
You will find very good trades:


2. Trend Reversals:
The main usage of this indicator, this is for what it has been intended, so it must excell at it!
When the line is green a reversal up is happening, when red, reversal down.
This indicator will provide you with fast reversals, no matter the asset - it will always do it's job.


Change the asset? No problem!
ETHUSD


But it also works on meme coins like DOGE


How it works?
The Smoothed Increment MA RSI works like so:
1. Calculate the RSI/Relative Strength Index, which will be the core of this all

2. Calculate the increment, this will be used by comparing the Moving Average, ATR/Average True Range and Volume values now to past values with different weights

3. Now it is time to check the RSI's ROC and apply the increment to it, making a much more volatile RSI

4. Now we just smooth the values using multiple Moving Averages over a smoothing period at base set to 6, but can be adjusted

5. Trend logic, this one depends on everyone, some may set it to crossing the value of 50, some may set it to something else, but for the purpose of this indicator I found the best working case to be just comparing if the value of the RSI has grown or decreased.

There will be also black dots with white borders plotted, this is for easier spotting of reversals.

This indicator also uses volume, so you have to check this on something with volume available.

I left all the settings available for changing, so you can adjust it to whatever you like and get the best out of this!