RelativeStrengthIndex calculation

Created at 01 Jan 2017, 07:12
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jsuhncc

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Joined 17.05.2015

RelativeStrengthIndex calculation
01 Jan 2017, 07:12

What is the RelativeStrengthIndex calculation that cTrader/cAlgo uses?

Is it the following? Does it use a smoothing technique?

 

RSI = 100 - --------
             1 + RS

RS = Average Gain / Average Loss
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