Registered User
Joined: 12/9/2005
Posts: 27
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I'm trying to determine the value of RSI2 for today and yesterday. My results are:
Test Scale Reading
Today RSI2.1 25 31.3
Yesterday
RSI2.1.1 8.49 0
What have I done wrong or what is wrong. Please advise, burlap
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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If you are using the RSI - Wilder's indicator instead of the plain RSI indicator without Wilder's smoothing, the Indicator Formula for the current bar would be:
50 * (C - XAVGC3.1) / 2 / (.5000305 * (ABS(C - C1) + .5 * (ABS(C1 - C2) + .5 * (ABS(C2 - C3) + .5 * (ABS(C3 - C4) + .5 * (ABS(C4 - C5) + .5 * (ABS(C5 - C6) + .5 * (ABS(C6 - C7) + .5 * (ABS(C7 - C8) + .5 * (ABS(C8 - C9) + .5 * (ABS(C9 - C10) + .5 * (ABS(C10 - C11) + .5 * (ABS(C11 - C12) + .5 * (ABS(C12 - C13) + .5 * (ABS(C13 - C14)))))))))))))))) + 50
While the Indicator Formula for the previous bar would be:
50 * (C1 - XAVGC3.2) / 2 / (.5000305 * (ABS(C1 - C2) + .5 * (ABS(C2 - C3) + .5 * (ABS(C3 - C4) + .5 * (ABS(C4 - C5) + .5 * (ABS(C5 - C6) + .5 * (ABS(C6 - C7) + .5 * (ABS(C7 - C8) + .5 * (ABS(C8 - C9) + .5 * (ABS(C9 - C10) + .5 * (ABS(C10 - C11) + .5 * (ABS(C11 - C12) + .5 * (ABS(C12 - C13) + .5 * (ABS(C13 - C14) + .5 * (ABS(C14 - C15)))))))))))))))) + 50
The RSI - Wilder's indicator is labeled Wilder's RSI on the chart while the plain RSI indicator without Wilder's smoothing is just labeled RSI on the chart.
-Bruce
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