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Dennis,
The following is copied from Formula Field of my
*RSI canonical_12_day_for_P_I indicator. Change m if you choose another # of
periods n for rsi.
Good luck with your project,
Vitaly
{I wrote my own "canonical" RSI(12) which coinsides with MS'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.}
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)
))
dburkey@xxxxxxxxxxxxxxxx wrote:
>
> Does anyone know the full formula for the RSI (relative strength
> index)?,
>
> I know that metastock just uses rsi(length), but I'm trying to take the
> rsi of another indicator, not the close.
>
> I've looked in a few books but I don't know how to translate the formula
> into metastock language.
>
> Omega Research lets you simply use RSI(x, length), where x can be
> anything, even other indicators.
>
> Please help... I'm stuck right in the middle of a project.
>
> Thanks,
>
> -dennis
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