Dear Sirs, It looks like other MetaStock users noticed the following fact: It seems that the calculation for RSI in MetaStock differs from the standard RSI calculation. I'm trying to "translate" my MetaStock trading system into an Excel sheet. And because my MetaStock trading system contains RSI, I need to "translate" the RSI calculation into Excel. Attached Excel sheet contains my RSI calculation (sheet: calc 1). Other calculations downloaded from the Internet give the same values for RSI as my calculation (sheet: calc 2). MetaStock RSI values are shown in red. 1. Which version is correct ? 2. How does MetaStock calculate their RSI ? 3. Can you give the exact formula how MetaStock's RSI is calculated? Kind regards, Onno
Attachment:
xls00002.xls
Description: "RSIexcel.xls"