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In a message dated 98-09-23 17:36:44 EDT, jimsul@xxxxxxxxxxxxx writes:
> In his 1978 book, New Concepts in Technical Trading Systems, Welles
> Wilder does not apply any kind of a moving average to his RSI. In his
> example he uses a 14 day RSI.
That isn't quite correct. No averaging is applied to the final RSI, but a
form of exponential averaging is applied internally in calculating the RSI
itself.
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