The Schaff Trend RSI is an often-overlooked gem in the world of trading indicators.
While the Schaff Trend Cycle is known as a double-smoothed stochastic based on the MACD, the Schaff Trend RSI takes a different approach. Think of it as an RSI built on the MACD framework. It bears some resemblance to an RSI of Moving Averages, but the nuances set it apart enough to stand alone as a distinct indicator.
One key thing to remember is that the values generated by the Schaff Trend RSI won’t align with those from the Schaff Trend Cycle. They’re calculated using different methodologies, resulting in outcomes that can vary significantly.
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