CLOSING PRICE 1

TODAY CLOSING PRICE

-YESTERDAY CLOSING PRICE
2

TAKE -VE VALUE AS LOSS

TAKE +VE VALUE AS GAIN 3 4
(Convert –Ve to +ve value for LOSS)

Take Average GAIN value for the Take Average LOSS value for the
number of days you require. 5 number of days you require. 6
e.g. Average gain/14 days e.g. Average gain/14 days

THIS GIVES
AVERAGE GAIN / RELATIVE 7
AVERAGE LOSS STRENGTH(X)

RSI = (100 * x) / (1 + X) 8