c_rsi

Function Name: c_rsi

Tags: None

Category: Momentum

The Cutler RSI indicator is a slight variation of Welles Wilder's original Relative Strength Index. The RSI is a momentum oscillator used to identify overbought and oversold conditions by keying on specific levels, generally 30 and 70, on a chart scaled from 0 to 100.The signal can also be used to detect the following:

- Movement which might not be as readily apparent on the bar chart

- Failure swings above 70 or below 30 which indicate reversals

- Support and resistance

- Divergences between RSI and price.

 

Author:   Cutler

Link:       http://en.wikipedia.org/wiki/Relative_strength_index#Cutler.27s_RSI

 

period
	Default Value: 10  |  Minimum: 1  |  Maximum: 9999
	Type: Numeric
Overbought
	Default Value: 70  |  Minimum: 0  |  Maximum: 100
	Type: Numeric
Oversold
	Default Value: 30  |  Minimum: 0  |  Maximum: 100
	Type: Numeric