Relative Strength Index (Standard)

Category: momentum

Standard RSI implementation measuring the speed and change of price movements to identify overbought and oversold conditions.

Formula

RS = \frac{SMMA(Gain, n)}{SMMA(Loss, n)}, \text{RSI} = 100 - \frac{100}{1 + RS} \text{ where } n \text{ is RSIPeriod}

See signal primitives and every published strategy that uses Relative Strength Index (Standard) on WOBR StrategyVerse.