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Joined: 7/28/2005(UTC)
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Hi all
I'm trying use the explorer to scan using the following
Ref(RSI(CLOSE,14),-5) < 25
So i want it to list those stocks which were under 25 five days ago but it seems when i view the charts for the results and insert the metastock RSI indicator the values for 5 days ago do not match. So my search query must be wrong or the metastock RSI indicator is caculated different?
Thanks
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Rank: Advanced Member
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Rank: Newbie
Groups: Registered, Registered Users
Joined: 7/28/2005(UTC)
Posts: 2
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I'm pretty sure it's the same amount of data though? I thought the RSI(14) is only for the last 14 days so it doesn't matter about data prior to that?
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 9/8/2004(UTC)
Posts: 2,266
Was thanked: 1 time(s) in 1 post(s)
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Quote:I thought the RSI(14) is only for the last 14 days so it doesn't matter about data prior to that?
No the RSI is exponential so its value will change if the amount data used to calculate it changes.
Patrick :mrgreen:
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