.netCHARTING v10.5 Documentation


dotnetCHARTING Namespace > FinancialEngine Class > RelativeStrengthIndex Method : RelativeStrengthIndex(String,Series,Int32) Method
The name of the series which will be displayed on the chart, i.e. its label.
An series where the first element is the high in the last trading period, the second term is the high in the previous period and so on.
An integer which represents the length of the period over which the indicator will be iteratively evaluated.
RelativeStrengthIndex(String,Series,Int32) Method
Implements the Relative Strength Indicator (RSI), developed by J. Welles Wilder in 1978; which measures the relative internal strength of a market. Please note that this indicator is not measured against another market or index. RSI measures the relative changes between higher and lower closing prices.
Syntax
'Declaration
 
Public Overloads Shared Function RelativeStrengthIndex( _
   ByVal seriesName As String, _
   ByVal s As Series, _
   ByVal lengthOfPeriod As Integer _
) As Series
'Usage
 
Dim seriesName As String
Dim s As Series
Dim lengthOfPeriod As Integer
Dim value As Series
 
value = FinancialEngine.RelativeStrengthIndex(seriesName, s, lengthOfPeriod)
public static Series RelativeStrengthIndex( 
   string seriesName,
   Series s,
   int lengthOfPeriod
)

Parameters

seriesName
The name of the series which will be displayed on the chart, i.e. its label.
s
An series where the first element is the high in the last trading period, the second term is the high in the previous period and so on.
lengthOfPeriod
An integer which represents the length of the period over which the indicator will be iteratively evaluated.
Remarks

Evaluation

The RSI indicator is calculated by the following formula:

RSI = 100 - 100/(1+RS),

where:

RS = (Average of noOfPeriods days up closes) / (Average of noOfPeriods days' down closes),

Interpretation

An RSI above 70% is considered overbought and below 30% is considered oversold.

Requirements

Target Platforms: Windows 7, Windows Vista SP1 or later, Windows XP SP3, Windows Server 2008 (Server Core not supported), Windows Server 2008 R2 (Server Core supported with SP1 or later), Windows Server 2003 SP2

See Also