Description:
This
is an oscillator study which is used to measure the strength or weakness of an individual issue or of the overall market.
Formula:
Value
=
100
1 + ( RSI Up Avg)/(RSI Dn Avg)
Parameters:
Period
Bars Back to calculate the RSI on the
selected TimeFrame
Arguments:
OHLC
or Output Indicator of another study
Output Indicators:
RSI
Example:
Study Name Expanded on
an Intraday Timeframe
I5_RSI10)_I5
This study
calculates the RSI Intraday 5
minute timeframe over the last 10 bars
The output indicators names are appended to the studyname,
that is if the studyname is sn1 then
the outputindicator is
sn1::RSI
