Traders Tips by Technical Analysis, Inc.
• TRADESTATION: REVERSE ENGINEERING RSI (II)
Giorgos Siligardos’ article “Reverse Engineering RSI (II)” in
this issue describes a translation process to plot the “next bar”
price required to produce three variations on the relative
strength index (RSI).
The first is an exponential moving average of the RSI. The
second is a simple moving average of the RSI. The third is an
RSI trendline. The EasyLanguage code for the last one, the
RSI trendline, was presented in the June 2003 Traders’ Tips.
Here, we present the EasyLanguage code called “RevEngRSIEMA”
and “RevEngRSI-SMA” for exponential and simple