PureBytes Links Trading Reference Links ```Mikey: Here is some relative strength info I have stored. Software North explanation Learn a technical trading tool. This week a brief lesson on using: Relative Strength Index (RSI) Click onto the following site: http://www.softwarenorth.com/trading/act/tech_week_current.htm ---------------------------------------------------------------------------- ---- Tradesignals.com explanation. Relative Strength Index (RSI) This displays the Relative Strength Index of the Close calculated over two time periods. The Relative Strength Index always returns a value between 0 and 100. Its main use is as an early indicator of when a market has topped or bottomed. It may be calculated over any length greater than zero. The RSI of the first bar is calculated as follows: RSI = 100 - (100/(1+AUD)) AUD = Average of closes UP over LENGTH number of bars / Average of closes DOWN over LENGTH number of bars The RSI of successive bars is calculated as follows: Firstly, to obtain the Average of closes UP over LENGTH number of bars, we multiply the previous bars Average of closes UP by (Length - 1) and then add this bar up Close. Then divide by Length. To obtain the Average of closes DOWN over LENGTH number of bars we multiply the previous bars Average of closes DOWN by 13 and then add this bars DOWN Close. Then divide by 14. We then use the formula: RSI = 100 - (100/(1+AUD)) AUD = Average of closes UP over LENGTH number of bars/ Average of closes DOWN over LENGTH number of bars to calculate the RSI for this bar. JMG ----- Original Message ----- From: Mikey To: RT ; OL Sent: Thursday, June 06, 2002 10:13 AM Subject: Unidentified subject! > in the June 2002 issue of active trader there is an article on taking aim at > pullbacks that mentions the three month relative strength being a certain > value like over 80 or under 20 > are there any places on the net where this can be done and the data > (symbols) gotten to in an expeditious manner>??? > or does anyone know exactly how these relative strength measurements are > generated?? > ```