Internal Strength indicator.
The indicator has three input parameters:
- RSI period - RSI calculation period
- Calculating method - calculation method
- Price - calculation at High/Low/Close prices
- RSI on price - RSI at High/Low/Close prices
- Drawing type - display type
- Line - line
- Bars - bars
Calculation:
where:
- If Calculating method = Price
Data = Raw
- If Calculating method = RSI on price
Data = RSI(Raw,RSI period)
Raw = (Close-Low)/(High-Low)
Fig. 1. Internal Strength, RSI on price, Line
Fig. 2. Internal Strength, RSI on price, Bars
Fig. 3. Internal Strength, Price, Line
Fig. 4. Internal Strength, Price, Bars
