RSI
Wilder's Relative Strength Index
Description
The Relative Strength Index was introduced by
Welles Wilder. The Relative Strength Index compares upward movements in closing
price to downward movements over a selected period. The RSI should not be
confused with the relative strength indicator which is used to compare
stocks.
Category
Momentum Indicators
Parameters
N ( Default: 14
Min: 2 Max: 100 )
Chart Script
PlotRSI:RSI(CLOSE, N);
@SetName(PlotRSI,'RSI');
30,
Color#808080,NoValueLabel;
70,
Color#808080,NoValueLabel;
FillRGN(PlotRSI>70,PlotRSI,70),Brush#20808000;
FillRGN(PlotRSI<30,PlotRSI,30),Brush#20800000;