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Thread: RSI 14

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#2 (permalink)

07-26-2009, 01:05 PM

FrAnton

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Join Date: Jul 2009

Posts: 199

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Quote:

Originally Posted by Jolam0524

Anyone could help to illustrate how RSI in the MarketScope be obtained?

I tried to calculate RSI 14 manually taking open/close values from FXCM trading station marketscope 2.0 chart, and could not get result to be even close.

I have used the standard formula

RSI = 100 - (100 / (1 + RS)); where
RS = Average Gain / Average Loss for 14 periods.

So I also wonder what formula is in use to calculate this Indicator?

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