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I have problem in RSI indicator
Posted: Sat Mar 04, 2006 6:38 am
by 9526591
Hi
it s great ocx
but ,,,, in RSI Function
i try to flow values between teechart and metastock ,,, but there is different between the two values
i try many thing but still same problem
can you help me
thanks
Posted: Mon Mar 06, 2006 9:37 am
by narcis
Hi Jameh2020,
Can it be that TeeChart uses a different aproach for RSI function than Metastock? We heard of several ways of calculating that function and this is how TeeChart does it:
Description
RSIFunction is a LineSeries derived class that calculates a percent value based on Financial data. RSIFunction must be connected to a CandleSeries or any derived Series class (like CandleSeries). Like a MovingAverageFunction, RSI will calculate a new point Y value by using previous Period points.
The used formula is:
Add all Close prices greater than Open prices and divide by ocurrences (Ups).
Add all Close prices lower than Open prices and divide by ocurrences (Downs).
RSI := 100.0 - ( 100.0 / ( 1.0 + Abs( Ups / Downs ) ) )
TeeChart Pro ActiveX Control Documentation. Copyright 1997-2004 Steema Software SL.
Posted: Mon Mar 06, 2006 10:00 am
by 9526591
Thanks Narcís