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Apply a Relative Strength Indicator

The RSI indicator is for overbought/oversold conditions. It goes up when the market is strong, and down when the market is weak, and oscillates between 0 -100. The RSI calculation is:

RSI = 100-(100/1+RS)

Where:

RS - Average of X bars Up Closes/Average X bars Down Closes (X=number of bars set by user)

 

To apply a Relative Strength Indicator

  1. From within a chart, from the Edit menu select Studies.
  2. Choose Relative Strength Ind and Add the study.
  3. Complete parameters as necessary.

Important Disclosures