RSI based on a custom indicator - RSI based on a custom indicator Options  Email this topic  Watch this topic  Print this topic » Normal Threaded

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Hwyman		#1 Posted : Monday, February 13, 2006 1:30:38 PM(UTC)
Rank: Newbie Groups: Registered, Registered Users Joined: 11/15/2005(UTC) Posts: 6		If I have created an indicator called My_MA, how would I calculate the Relative Strength Index based on this indicator as opposed to the default RSI delivered with Metastock?
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StorkBite		#2 Posted : Monday, February 13, 2006 4:14:22 PM(UTC)
Rank: Advanced Member Groups: Registered, Registered Users Joined: 3/19/2005(UTC) Posts: 2,995 Was thanked: 14 time(s) in 10 post(s)		Check out the 'P' variable. Use it as you would the normal price data, except drag this indicator on top of My_MA. More info can be found inthe User's Manual. Ex. RSI(P, 21)
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mstt		#3 Posted : Monday, February 13, 2006 6:56:39 PM(UTC)
Rank: Advanced Member Groups: Registered, Registered Users, Subscribers Joined: 7/25/2005(UTC) Posts: 1,042 Was thanked: 57 time(s) in 54 post(s)		Hwyman {RSI Indicator} N:=Input("Periods",2,99,10); A:=C; {target data array} B:=Ref(A,-1); U:=Wilders(If(A>B,A-B,0),N); D:=Wilders(If(A<B,B-A,0),N); 100-(100/(1+(U/D))); Roy MetaStock Tips & Tools
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smg		#4 Posted : Tuesday, February 14, 2006 3:28:26 AM(UTC)
Rank: Advanced Member Groups: Registered, Registered Users, Subscribers Joined: 8/13/2005(UTC) Posts: 90		Hwyman , For 20 Period RSI of your indicator, please try: RSI(Fml("My_MA"),20) Regards SMG PS: This syntax may not work in some earlier versions of Metastock.
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Hwyman		#5 Posted : Tuesday, February 14, 2006 3:38:45 PM(UTC)
Rank: Newbie Groups: Registered, Registered Users Joined: 11/15/2005(UTC) Posts: 6		Thank you all. I should of looked at the formula first instead of the indicator so it was mostly confusion on my part. It is also helpful to see the complete RSI formula above which probably lets users apply their own smoothing
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StorkBite		#6 Posted : Tuesday, February 14, 2006 6:06:28 PM(UTC)
Rank: Advanced Member Groups: Registered, Registered Users Joined: 3/19/2005(UTC) Posts: 2,995 Was thanked: 14 time(s) in 10 post(s)		Nice teamwork! \\:D/
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