Posted by Mohammad Rahhal, Last modified by Diana Alkouni on 14 September 2020 12:39 PM


Public Function RelativeStrengthIndex(chart_ID As Long, applyTo As ENUM_APPLIED_PRICE, period As Integer, Optional SignalPeriod As Integer = 3) As String


The RSI (Wilder) is a popular indicator that shows comparative price strength within single security.

9, 14 and 25 period RSI calculations are the most popular.

The most widely used method for interpreting the RSI is price/RSI divergence, support/resistance levels, and RSI chart formations.


Key Description 
chrat_ID Chart identifier, 0 is the current chart, value of type Long
applyTo Applied price value of type ENUM_APPLIED_PRICE.
Period The calculation period, on which the indicator will be calculated, a value of type Integer.
SignalPeriod Signal Period , optional value as Integer.

Return value

Returns the handles of a technical indicator, in case of failure returns an empty string.


Public Sub main()

AlertMessage (RelativestrengthIndex(0,PRICE_CLOSE,10,3))

'Draws the indicator on the chart and shows an Alert Message with the indicator name.

End Sub

See Also

Back to VTL Client Script Index

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