Stocks & Commodities V. 24:10 (16-23): Sidebar: Rapid RSI and CTL Code for RSS by Ian Copsey
Product Description
Stocks & Commodities V. 24:10 (16-23): Sidebar: Rapid RSI and CTL Code for RSS by Ian Copsey
RAPID RSI
Here is the formula for the rapid RSI:
Rapid RSI = 100 – [(100)/1 – RS]
where RS = sum of x day’s up closes divided by sum
of x day’s down closes.
CTL CODE FOR RAPID RSI
Here is the Common Technical Analysis Language
code for the rapid RSI for use in Global Forex Trading’s
software.
indicator RapidRSI;
input price = close, period = 14, Hi_Base = 70, Lo_Base = 30;
draw RS(“RSI”), line_hi(“OverBought”), line_lo(“OverSold”);
vars b(number), f(number), i(number), j(number), k(number),
line(series), u(series), d(series), dif(number),
SumUp(number), SumDn(number);
begin...
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