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Figurelli RSI Auto

Figurelli RSI Auto

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Description


This is the Figurelli RSI automatic gain version, so input parameters is the same as original Welles Wilder RSI (i.e. period setup).



The indicator figures out the gain value based in minimal and maximal values inside the sample and period programmed.



Below two pictures for better understand the adjustment and the indicator using period 14 and period 30. Original Welles Wilder RSI (blue) is compared with Figurelli RSI (red) using the same periods.


Image 1: example for period 14


For period 14, the automatic adjustment for gain parameter was 1.4 (for EUR/USD H1). Note that Figurelli RSI (red) automatic gain adjustment indicates small differences in 30 or 70 reach points, so the gain is relevant even in smal periods.

figurellijrsibautod-speriodd14_small.gif
Author
Salvador
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