Relative Strength Index Research Paper

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RELATIVE STRENGTH INDEX
The relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine overbought and oversold conditions of an asset. It is calculated using the following formula:
RSI = 100 - 100/(1 + RS*)
*Where RS = Average of x days' up closes / Average of x days' down closes.

Table 20.Showing the relative strength index for 12 months period
Date Price Upward Movement Downward Movement Average Upward Movement Average Downward Movement Relative Strength RSI 12 12
1-Jan-10 205.66
1-Feb-10 197.43 0 8.23
1-Mar-10 207.82 10.39 0
1-Apr-10 230.07 22.25 0
1-May-10 226.88 0 3.19
1-Jun-10 230.20 3.32 0
1-Jul-10 250.29 20.09 0
1-Aug-10 …show more content…
1-Aug-10 276.64 26.35 0
1-Sep-10 324.05 47.41 0
1-Oct-10 315.06 0 8.99
1-Nov-10 299.22 0 15.84
1-Dec-10 281.19 0 18.03
1-Jan-11 264.24 0 16.95 10.8175 5.93583333 1.822406 64.56924
1-Feb-11 263.05 0 1.19 9.91604167 5.54034722 1.789787 64.15497
1-Mar-11 276.53 13.48 0 10.2130382 5.07865162 2.010974 66.78816
1-Apr-11 280.46 3.93 0 9.68945168 4.65543065 2.081322 67.5464
1-May-11 229.79 0 50.67 8.88199737 8.4899781 1.046174 51.12831
1-Jun-11 240.47 10.68 0 9.03183092 7.78247992 1.160534 53.71514
1-Jul-11 234.48 0 5.99 8.27917835 7.6331066 1.084641 52.0301
1-Aug-11 197.38 0 37.1 7.58924682 10.088681 0.752254 42.93064
1-Sep-11 191.10 0 6.28 6.95680958 9.77129096 0.711964

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