Figurelli RSI Auto

ਵਰਣਨ

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 (ਨੀਲਾ) is compared with Figurelli RSI (ਲਾਲ) using the same periods.

ਚਿੱਤਰ 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 (ਲਾਲ) automatic gain adjustment indicates small differences in 30 ਜਾਂ 70 reach points, so the gain is relevant even in smal periods.

ਚਿੱਤਰ 2: example for period 300

For period 300, the automatic adjustment for gain parameter was 6.7 (for EUR/USD H1). Note that Welles Wilder RSI (ਨੀਲਾ) will never reach levels 30 ਜਾਂ 70 in long periods, compared with Figurelli RSI (ਲਾਲ) using the same periods.

Note that the indicator name has the Period and Gain values. ਉਦਾਹਰਣ ਲਈ, Figurelli RSI Auto (300, 6.7) indicates period 300 and gain 6.7 for picture above.