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Relative Strength Index - Full Formula
The following is copied from the Formula Field of my *RSI canonical_12_day_for_P_Iindicator.
Change m if you choose another # of periods n for rsi.

I wrote my own "canonical" RSI(12) which coincides with MetaStock's RSI(12) if m=2*n-1 where m is used below in Mov(,m,E); n - a number of periods in rsi(n). Mind that sinceI didn't use those particular tricksfrom the standard rsi(n) to shorten the initial transitional period,this function and standard rsi(n) differ for aboutmonth or so from the day 1. It was not that important for me, so Iused this shortcut.


Relative Strength Index - Full Formula

100 - 100/ (1.+ If(Mov(If(P-Ref(P,-1)<0,-(P-Ref(P,-1)),0),23,E)=0,1000000,
Mov(If(P-Ref(P,-1)>0, P-Ref(P,-1), 0),23,E)/ Mov(If(P-Ref(P,-1)<0,-(P-Ref(P,-1)),0),23,E) ))

 

From: Vitaly Larichev
vitaly@superlink.com
Source / From: TOP
http://www.guppytraders.com

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