Relative Strength Index (RSI)

Category: momentum

A momentum oscillator that measures the speed and change of price movements, fluctuating between 0 and 100 to identify overbought and oversold conditions.

Formula

RSI = 100 - [100 / (1 + (Average Gain / Average Loss))]\nInitial Average Gain/Loss = Sum of gains/losses over n periods / n\nSubsequent Average Gain = [(Previous Average Gain * (n-1)) + Current Gain] / n

Inputs

• InpRSIPeriod (default: 14)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.