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Thanks once more, Preston. Take care.
=====================================================================
--- In equismetastock@xxxx, pumrysh <no_reply@xxxx> wrote:
> --- In equismetastock@xxxx, "bruneski" <iniciante_2000@xxxx> wrote:
> > Hi, pumrysh. Thanks for your reply.
> >
> > What are the differences between the traditional Wilder's RSI and
> > Cutler's RSI? Could you write down both formulas for comparison?
> What
> > would be the corresponding Metastock code for Wilder's RSI?
> >
> > Thanks again.
>
>
> Bruneski,
>
> Roy has graciously provided a Wilders RSI for you in an earlier
post
> so I won't duplicate it here. I will though discuss the differences
> between the 2 RSI indicators that we have provided.
>
> The secret is in the smoothing methods used. In Cutlers you will
> notice that the smoothing methods used are an exponential moving
> average and a summation. The summation is nothing more that a
simple
> moving average.
>
> The Wilders RSI uses Wilders smoothing. Wilders smoothing is really
> nothing more than an exponential smoothing with longer periods used
> for the lookback periods. The formula for the lookback periods is
> (2 x lookback - 1).
>
> The RSI is certainly one of my most favorite indicators. Once you
> really begin to understand how the indicator works you will find it
> to be one of the most rewarding indicators used in technical
> analysis. One suggestion that I would give you is to remember that
a
> minimum of 3 days is needed for rate of change part of the
indicator
> to work properly.
>
> Preston
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