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[EquisMetaStock Group] Re: RSI does anyone have tried manualy ?



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You are not going to get the same results from calculating the RSI by
hand because you aren't going to have precisely the same pricing data
that any automated program is using. The RSI values from MS won't be
exactly the same as the RSI values from Big Charts. 

Here is the formula in algebraic terms. You would have to use exactly
the same numbers in every case as MS is using--which probably is not
possible. The question is how close is close enough.



			Average price change on up days		
    Relative Strength = ---------------------------------
			Average price change on down days		

The indicator (RSI) is calculated from the RS value as follows:

		     100
    RSI  =  100 -  ------
		   1 + RS

    RS  =  P / N    

    P   =  PS / n1                    N   =  NS / n2

    PS  =  Total of PCi values        NS  =  Total of NCi values

    PCi =  positive price change      NC  =  negative price change
	   for period i                      for period i

    Pp  =  previous value of P        Np  =  previous value of N
	   (initially 0)                     (initially 0)

    n1  =  number of times the price changed in the positive 
	   direction in the last n periods.  There will be n1 PCi 
	   values to add together to get PS.

    n2  =  number of timee the price changed in the negative 
	   direction in the last n periods.   There will be n2 NCi 
	   values to add together to get NS.

    n   =  n1 + n2  (the number of periods in the RSI calculation)




--- In equismetastock@xxxxxxxxxxxxxxx, "Mormax" <mormax_trader@xxxx>
wrote:
> I've tried manualy and the results wasn't the same !
> 
> am i doing something wrong ?
> 
> I've used the same method that MS uses to calculate de RSI (at least
the 
> method tha's in help).
> The results was reasonable, but not identical.
> (the results are attached)
> 
> 
> 
> What moving average MS uses to calculate RSI ? 'cause i've tried EMA
too.
> 
> 
> If anyone can help me, i'll be grateful
> 
> 
> 
> Thanks,
> 
> MORMAX.





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