Adjusted RSI in ELA

[Bruce T Armstrong <joany@xxxxxxxxxxxxxxx>]

Hi all,

I run SC4 hence can’t do any ELA programming. 

I found what has been termed an adjusted RSI indicator in some articles on
trading techniques some time ago and have done nothing about it.
I have used it in Excel and looks interesting, but it would be more
convenient in ELA.

It is;   Let  sumups = the sum of the up days over the last n days
              sumdns = the sum of the down days over the last n days
        Then  adjustedRSI = (sumups - sumdns)/(sumups+sumdns)*100 

It would be appreciated if somebody could code this up for all to use.

Thanks   Bruce A



Bruce T Armstrong
29 Gordo Avenue, Wattle Park
Adelaide
South Australia 5066
Australia