Relative Strength Index (RSI)
rsi = rsindex(closep, nperiods) rsits = rsindex(tsobj, nperiods) rsits = rsindex(tsobj, nperiods, ParameterName, ParameterValue)
Vector of closing prices.
(Optional) Number of periods. Default = 14.
Financial time series object.
rsi = rsindex(closep, nperiods) calculates the Relative Strength Index (RSI) from the closing price vector closep.
rsits = rsindex(tsobj, nperiods) calculates the RSI from the closing price series in the financial time series object tsobj. The object tsobj must contain at least the series Close, representing the closing prices. The output rsits is a financial time series object whose dates are the same as tsobj and whose data series name is RSI.
rsits = rsindex(tsobj, nperiods, ParameterName, ParameterValue) accepts a parameter name/parameter value pair as input. This pair specifies the name for the required data series if it is different from the expected default name. The valid parameter name is
CloseName: closing prices series name
The parameter value is the string that represents the valid parameter name.
The relative strength factor is calculated by dividing
the average of the gains by the average of the losses within a specified
RS = (average gains)/(average losses).
The first value of RSI, RISI(1), is set as NaN to preserve the dimensions of CLOSEP.
Murphy, John J., Technical Analysis of the Futures Market, New York Institute of Finance, 1986, pp. 295-302.