Re: [EquisMetaStock Group] RSI

["Roy Larsen" <rlarsen@xxxxxxxxxxxxxx>]

Andy

Here's the formula for RSI. hope this helps

  {RSI Indicator}
A:=Input("Periods",2,99,10);
B:=P; {target array}
U:=Wilders(If(B>Ref(B,-1),B-Ref(B,-1),0),A);
D:=Wilders(If(B<Ref(B,-1),Ref(B,-1)-B,0),A);
100-(100/(1+(U/D)));

Roy


----- Original Message -----
From: "Andycan" <andycan@xxxxxxxxxxxx>
To: <equismetastock@xxxxxxxxxxxxxxx>
Sent: Wednesday, March 12, 2003 10:50 PM
Subject: Re: [EquisMetaStock Group] RSI



  ----- Original Message -----
  From: Roy Larsen
  To: equismetastock@xxxxxxxxxxxxxxx
  Sent: Tuesday, March 11, 2003 12:40 AM
  Subject: Re: [EquisMetaStock Group] RSI


  Andy

  I don't understand what the problem is. Can you explain further?

  Roy

  ----- Original Message -----
  From: "andy1can2" <andycan@xxxxxxxxxxxx>
  To: <equismetastock@xxxxxxxxxxxxxxx>
  Sent: Tuesday, March 11, 2003 2:09 AM
  Subject: [EquisMetaStock Group] RSI


  > i have been testing various TA for my tradintg stratergies but i am
  > having a prob with programming indicators in metastock though i am
  > familiar thet metastock has its own rsi what i wanted to do was to
  > vary the periods rate of change similar to LBR/RSI concept. could
  > somebody help me in this matter i am currently having to do it
  > manually and its limiting the number of securities that i can back
  > test this on
  >
  >
  > Thanks in advance
  >
  > Andy

  >
  >To Roy

  > my understanding of the RSI indicator is that it uses a 5 period
smoothing of the average upward price divided by the average downward price.
  What i wanted to do was to just compare in the calculation a one period
rate of change i.e yesterdays close minus todays close or last weeks close
minus this weeks close.

  thanks in advance


  Andy



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