Relative Strength Index (RSI) Indicator for cTrader

Paul Hayes

Trader
Aug 31, 2017
19
0
7
43
The formula for FX RSI indicator takes two equations that are involved in solving the formula. The first component equation obtains the initial Relative Strength (RS) value, which is the ratio of the average UP closes to the average DOWN closes over 'N' periods represented by the following formula:

RS = Average of 'N' day's closing UP/Average of 'N' days closes DOWN

The actual RSI value is calculated by indexing the indicator to 100 through the use of the following formula: RSI = 100 - (100 /1 + RS).

Watch a Video Demonstration
The video has been uploaded to 1080p High Quality, so do not forget to set your U-Tube video quality to 1080p HD.

Duration: 14 minutes

Download the Automated Trading Robot

Paul Hayes
Sales & Marketing
Email: contact@clickalgo.com
Phone: (44) 203 289 6573
Website: https://clickalgo.com