Stocks & Commodities V. 24:10 (16-23): Sidebar: Rapid RSI and CTL Code for RSS by Ian Copsey

Stocks & Commodities V. 24:10 (16-23): Sidebar: Rapid RSI and CTL Code for RSS by Ian Copsey
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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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