Relative Strength Index (with timeframe)

Category: momentum

The Relative Strength Index (RSI) measures the speed and change of price movements to identify overbought and oversold conditions.

Formula

RSI = 100 - [100 / (1 + (Average Gain / Average Loss))]

Inputs

• sourceInput (default: close)
• lengthInput (default: 14)
• offsetInput (default: 0)

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