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Cutler's RSI
Cutler's RSI which is another kind of Welles Wilder's original Relative Strength Index turns out to be a momentum oscillator used to find and demonstrate overbought and oversold conditions. It does so by keying on special levels - usually 30 and 70 - on a "0 to 100-chart".
It can show the following information: Movement can be not at once clear on the bar chart Failure swings over 70 or under 30 which show reversals Support and resistance. Discrepancies between price Cutler's RSI and RSI are measured like that: RSI = 100 - (100 / (1 + RS) )
RS = UPAV:x / DNAV:x, and . . .
UPAV:x = (E, period's Closes UP) / period
DNAV:x = (z: period's Closes DOWN) / period
A Close UP (or DOWN) = CLOSE - CLOSE previous
If the difference is positive, it is a Close UP. If the difference is negative, the sign is changed and it is a Close DOWN.