Rsi Color Line Bar

[985940]

I WOULD LIKE TO KNOW HOW THE RSI COLOR LINE BAR IS CALCULATED. SPECIFICALLY HOW IT DIFFERS FROM THE NORMAL RSI. I KNOW THE RSI COLOR LINE BAR USES A SIMPLE MOVING AVERAGE BUT I DONT UNDERSTAND EXACTLY THE DIFFERENCE

[eSignal_JasonK]

Hello Barry,

I just sent you a PM regarding this message. Thank you for posting to the public forums. To reiterate my PM, the difference is that the ColorLineBar.efs is based on a simple moving average and the Basic RSI uses exponential. The formula below is modified to use an exponential MA.

RSIColorLineBarEMA.efs

To understand the exact difference between the simple and exponential MA calculations, you can view the code in \formulas\Library\RSIStandard.efs and RSIEnhanced.efs. The enhanced version has the exponential MA calculation.

By the way, messages in all caps indicates yelling. Just in case you weren't aware of that.