Overload List
| Overload | Description |
|---|---|
| RelativeStrengthIndex(String,Series,Int32) | 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. |
| RelativeStrengthIndex(Series,Int32) | 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. |
| RelativeStrengthIndex(SeriesCollection,Int32) | 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. |
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.