When using \left| and \right| to typeset absolute value, I get unnecessary space as follows
\documentclass[11pt, a4paper]{IEEEtran} \usepackage{amsmath} \usepackage{amssymb, amsfonts} \usepackage{adjustbox} \begin{document} \begin{equation} SDSCR_{i} = \frac{\left| V_{R, \thinspace i} \right|^{2}}{ \left| S_{eq, \thinspace i}^{\adjustbox{raise=0.1\baselineskip}{*}} \right| \left| Z_{RR, \thinspace ii} \right|} \end{equation} \end{document} 

*superscript even higher? That the main cause...SDSCRis an identifier/variable, it should not be typeset in math italic -- it looks awful that way