Adaptable RSI

[Apprentice]

This RSI indicator allows you to select, Averaging method for raw data.

diff = source[period] - source[period - 1]

if diff > 0 then
Average Gain = diff;
else
Average Loss = -diff;
end

RS = Average Gain / Average Loss

RSI = 100 - (100 / ( 1 + RS))

Adaptable RSI.lua

(4.53 KiB) Downloaded 808 times

The indicator was revised and updated

[zmender]

Apprentice, I played with your Adaptable RSI indicator and came up with this: LBR RSI, it is the Mometum Pinball of Linda Raschke's book Street Smarts.

Plot a 3-period RSI of a 1 period ROC. However the default ROC indicator has a minimum period of 2, so that's what I use below.

[Alexander.Gettinger]

MQL4 version of Adaptable RSI oscillator: viewtopic.php?f=38&t=61478.

[Apprentice]

The indicator was revised and updated.