Support Board
Date/Time: Tue, 04 Feb 2025 18:53:04 +0000
Post From: Looking to create the RSI Index
| [2020-01-27 05:44:33] |
| TropicalTrader - Posts: 45 |
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Hi, I would like your help please to create the oscillator RSI Index as described in the book Trading Secrets of the Inner Circle by Andrew Goodwin: "Basic Method of calculating the RSI index: RSI Index =100-(100/1+RS) Where RS= Average of x day's up close to close changes divided by average of x day's down close to close changes. For 8 day RSI you will be averaging the close to close changes of the last 8 up days. Then you will divide this figure by the average close to close changes of the last 8 down days." |