Shows relative predominance of tendency to increase over tendency to decrease for Period time periods. It is useful for 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).
WilderRSI
WilderRSI()
WilderRSI(“Period”)
WilderRSI(“OutPutStartCell”,
”Period”)
'Close' column values
WilderRSI
WilderRSI()
WilderRSI(“14”)
WilderRSI(14)
WilderRSI(10)
WilderRSI(“G2”,”14”)
WilderRSI(“G2”,14)
WilderRSI(G2,”14”)
WilderRSI(G2,14)