ReverseEngineeringRSI

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.

You may also like
PPS
Person's Pivot Study (PPS) is a bullish and bearish momentum indicator. In addition, it has two ...
MomentumPercentDiff
The Momentum Percent Diff is a momentum-based technical indicator. Unlike the regular Momentum ...
FW_MOBO_Advanced
MOBO (Momentum Breakout Bands) study suggests that all markets and stock prices have a period ...