
Description 
Where Wilder's RSI is calculated by determining the difference between the open and the close, Cutler's RSI is calculated by determining the difference between the previous bar's close and the current close (the net change). 


Formula 
CutlersRSI(SERIES, Periods=14, Bate=6)=begin SumUp = 0 SumDown = 0 RS = 1 currentPrice = NONUM previousPrice = NONUM difference = 0
for i = 1 to (Periods  2) begin currentPrice = GetPrice($1, Bate, i, Periods) previousPrice = GetPrice($1, Bate, (i + 1), Periods) difference = currentPrice  previousPrice if difference > 0 then SumUp = SumUp + difference if difference < 0 then SumDown = SumDown + abs(difference) end if SumDown > 0 then RS = SumUp / SumDown retval = GetRS(RS) retval end 


Parameters 
SERIES The SERIES directive makes this formula available as a Formula Study. SERIES refers to the instrument in a chart. SERIES does not become a study parameter.
Periods The number of periods, or length, of the RSI. The default is 14.
Bate The Bate parameter determines what price (open, high, low, last, bid, ask, etc.) is used in calculating. The default is 6, or BATE_CLOSE. 


Return Value 
Cutler's RSI 


Examples 



Comments 
NA 
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