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Thanks, TJ, that works.
Gernot
--- In amibroker@xxxxxxxxxxxxxxx, "Tomasz Janeczko" <amibroker@xxxx>
wrote:
> Hello,
>
> Your formula is NOT RSI. Or.. not RSI in CLASSIC sense.
>
> RSI used by AMiBRoker is CLASSIC one based on single CLOSE price.
> Your formula is based on OPEN and close price.
>
>
http://www.stockcharts.com/education/IndicatorAnalysis/indic_RSI.html
>
> For classic formulation you would need to use difference in CLOSE
prices (today-yesterday)
> instead, see the formula below.
> period = 14;
>
> rsi_r = Close - Ref( Close, -1 ); // DIFFERENCE in close price
>
> rsi_rs = Wilders(IIf(rsi_r>0,rsi_r,0),period) / Wilders(IIf
>
> (rsi_r<0,abs(rsi_r),0),period);
>
> Graph0 = 100-(100/(1+rsi_rs));
>
> Graph1=RSI(period);
>
> www.google.com is good place to look at for indicator definitions.
>
> Best regards,
> Tomasz Janeczko
> amibroker.com
> ----- Original Message -----
> From: "taotra" <ggoll@xxxx>
> To: <amibroker@xxxxxxxxxxxxxxx>
> Sent: Sunday, September 14, 2003 6:43 PM
> Subject: [amibroker] RSI plots don't match
>
>
> > I have a trading program that plots an RSI with the following
> > formula in Metastock format:
> >
> > rsi_r := (close - open);
> > rsi_rs := Wilders(if(rsi_r>0,rsi_r,0),period) / Wilders(if
> > (rsi_r<0,Abs(rsi_r),0),period);
> > RSI := 100-(100/(1+rsi_rs));
> >
> > The problem is that I get different results when compared to
AB's
> > RSI (I don't know AB's RSI formula). How can I adapt the one
above
> > to match that of AB?
> >
> > TIA
> >
> > Gernot
> >
> >
> >
> >
> > Send BUG REPORTS to bugs@xxxx
> > Send SUGGESTIONS to suggest@xxxx
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