Description
The Reverse Engineering RSI study is a technical indicator aimed at estimating the price level at which the Relative Strength Index (RSI) would be equal to the specified value. This might be useful when calculating price levels of support and resistance based on those of RSI.
Input Parameters
| Parameter | Description |
|---|---|
length
|
The number of bars used in calculation of the Reverse Engineering RSI. |
price
|
The price used in calculation of the Reverse Engineering RSI. |
rsi value
|
The value of RSI used in calculation of price level. |
smoothing type
|
The type of moving average to be used in calculations: Wilder's or exponential. |
Plots
| Plot | Description |
|---|---|
RevEngRSI
|
The Reverse Engineering RSI plot. |
Further Reading
1. "Reverse Engineering RSI" by Giorgos Siligardos, Ph.D. Technical Analysis of Stocks & Commodities, June 2003.
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.