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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » RSI

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sabosch
Posted : Wednesday, March 14, 2007 4:23:09 PM
Registered User
Joined: 5/29/2005
Posts: 11
 I would like to have the formulas for scanning RSI overbought and oversold conditions
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Bruce_L
Posted : Wednesday, March 14, 2007 4:40:34 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 The trainers cannot give settings, interpretation or investment advice. This means I will need both your specific RSI Settings and the levels at which you see RSI as being overbought and oversold. Wilder's RSI in TeleChart has the following settings:

RSI Period: ?
Use Wilders Smoothing: Checked or Unchecked?
Avg Period: ?
Average Type: Simple or Exponential?

Wilder's Smoothing is applied during the calculation of the RSI itself and the Avg Period is applied after the RSI is calculated. The Avg Period will normally be 1 if Use Wilders Smoothing is Checked.
-Bruce
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