I have problem in RSI indicator

Jameh2020 · Post by **Jameh2020** » Sat Mar 04, 2006 6:38 am

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

Narcís · Post by **Narcís** » Mon Mar 06, 2006 9:37 am

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.

Jameh2020 · Post by **Jameh2020** » Mon Mar 06, 2006 10:00 am

Thanks Narcís