The Smoothed Relative Strength Indicator (Smoothed RSI) is an advanced version of the original RSI designed for the MetaTrader 4 (MT4) platform. This metaTrader4 oscillator uses a smoothed moving average to reduce the extreme fluctuations of the RSI, enabling more precise analysis for traders.

One of the critical features of this indicator is the oscillator color change when entering overbought and oversold zones: it displays green in the oversold zone and orange in the overbought zone. Additionally, the indicator issues alerts upon entering these zones, keeping traders informed of potential positions for improved trading decisions.