TRSIFunction
Hierarchy Properties Methods Events
Unit
CandleCh
Description
TRSIFunction is a TLineSeries derived component that calculates a percent value based on Financial data.
TRSIFunction must be connected to a TOHLCSeries or any derived Series component (like TCandleSeries. Like a TMovingAverageFunction, RSI will calculate a new point Y value by using previous Period points.
The used formula is:
Add all Close prices greater than Open prices and divide by ocurrences (Ups).
Add all Close prices lower than Open prices and divide by ocurrences (Downs).
RSI := 100.0 - ( 100.0 / ( 1.0 + Abs( Ups / Downs ) ) )
To see a visual representation of TeeChart Extended Functions, go to the TeeChart User Guide.