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:
IS = Data
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
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