Ultimate RSI
The Ultimate Relative Strength Index (URSI) aims to better consider the trend component in the price by introducing persistence in order to avoid potential whipsaw signals. This returns smoother results as well as less premature overbought/oversold crosses.
The Length setting of the RSI is equivalent to half the Length of the Ultimate RSI, and as such a Length 14 RSI would be equivalent to a Length 28 URSI.
The Ultimate RSI can sometimes return early entries from the 50 level while producing less whipsaws compared to the regular RSI.
Like with the regular RSI indicator the Ultimate RSI can return divergence with the price. In the occurence of significant retracements the Ultimate RSI can anticipate trend reversals.