RSI Area (Histogram)

Category: momentum

A classic Relative Strength Index (RSI) displayed as a color-coded histogram/column chart to highlight overbought and oversold conditions.

Formula

RSI = 100 - (100 / (1 + \frac{RMA(max(change, 0), n)}{RMA(-min(change, 0), n)}))

Inputs

• rsiLength (default: 14)
• source (default: close)

See signal primitives and every published strategy that uses RSI Area (Histogram) on WOBR StrategyVerse.