Wilder RSI Indicator
Shows relative predominance of tendency to increase over tendency to decrease for Period time periods. It’s useful to detecting conditions of overbought and oversold market, thus it shows the possibility to change trend direction. If RSI is closer to 100, then it points out the predominance of tendency to rising (the market is possibly overbought). If RSI is closer to 0, then it points out the predominance of tendency to falling (the market is possibly oversold).
Wilder RSI Indicator(Parameters)
- Range. Any range of data, e.g. array of Close, Low prices, Volume, etc.
- Output range. The cell reference for the range of output data.
- Period. Number of values used for calculation.
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