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chartist2004 · 03-10-2004, 22:15

sbenard,

I think smoother RSI formulas are available in the public domain. If you wish I can post one in easylanguage (used by tradestation).

I still use the original RSI as dveloped by welles wilders.

I suspect that smoothing changes the characteristics of the original indicator.

Okay, here is a question. When the RSI reaches 70, it is often a sign that a sustained up move is building up. The RSI can then remain in this zone for many bars. SOmetiems, however, the idnicator will actually reverse from 70 and prices will also fall.

So, how to distinguish between a trending move and a reversal?

03-10-2004, 22:15	#8
chartist2004 level 1 Join Date: Oct 2004 Posts: 12 Downloads: 0 Uploads: 0 Rep Power: 0	sbenard, I think smoother RSI formulas are available in the public domain. If you wish I can post one in easylanguage (used by tradestation). I still use the original RSI as dveloped by welles wilders. I suspect that smoothing changes the characteristics of the original indicator. Okay, here is a question. When the RSI reaches 70, it is often a sign that a sustained up move is building up. The RSI can then remain in this zone for many bars. SOmetiems, however, the idnicator will actually reverse from 70 and prices will also fall. So, how to distinguish between a trending move and a reversal?