Metastock Indicator Formula |
Full Formula for RSI |
The following is copied from the Formula Field of my *RSI canonical_12_day_for_P_I indicator. Change m if you choose another # of periods n for rsi.
I wrote my own "canonical" RSI(12) which coincides with MetaStock's RSI(12) if m=2*n-1 where m is used below in Mov( ,m,E); n - a number of periods in rsi(n). Mind that since I didn't use those particular tricks from the standard rsi(n) to shorten the initial transitional period, this function and standard rsi(n) differ for about month or so from the day 1. It was not that important for me, so I used this shortcut. |
| Formula: |
100 - 100/
(1.+ If(Mov(If(P-Ref(P,-1)<0,-(P-Ref(P,-1)),0),23,E)=0,1000000,
Mov(If(P-Ref(P,-1)>0, P-Ref(P,-1), 0),23,E)
/Mov(If(P-Ref(P,-1)<0,-(P-Ref(P,-1)),0),23,E)
)) |
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