Knowledgebase:
RelativeStrengthIndex
Posted by Mohammad Rahhal, Last modified by Rawan Al Hourani on 15 June 2016 01:46 PM

Syntax

Public Function RelativeStrengthIndex(chart_ID As Long, applyTo As ENUM_APPLIED_PRICE, period As Integer, Optional SignalPeriod As Integer = 3) As String

The RSI (Wilder) is a popular indicator that shows comparative price strength within a single security.

9, 14 and 25 period RSI calculations are the most popular.

The most widely used method for interpreting the RSI is price/RSI divergence, support/resistance levels and RSI chart formations.

Parameters

Key Description 
chrat_ID Chart identifier, 0 is the current chart ,value of type Long
applyTo Applied price value of type ENUM_APPLIED_PRICE.
Period The calculation period, on which the indicator will be calculated, value of type Integer.
SignalPeriod Signal Period , optional value as Integer.

Return value

Returns the handles of a technical indicator, in case of failure returns an empty string.

Sample

Public Sub main()

AlertMessage (RelativestrengthIndex(0,PRICE_CLOSE,10,3))

'Draws the indicator on chart and shows an Alert Message with the indicator name.

End Sub


See Also


Back to VTL Client Script Index

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