In December 2020, John Ehlers introduced a game-changing indicator called MyRsi with NET (MyRsi with Noise Elimination Technology) in TASC. This innovative tool harnesses a form of Kendall autocorrelation to help filter out noisy signals, making it a valuable addition to your trading arsenal.
What sets this version apart is its flexibility; you can use your preferred price points rather than just sticking to the standard close price. This adaptability can really enhance your trading strategy.
Recommendations:
- Feel free to use MyRsi just like any other RSI indicator.
- Consider combining signals from both the RSI and the NET line. From what I’ve observed, the NET line often generates quicker and cleaner signals.
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