# RSI (Moomentum Pinball) Stratergy

 Discuss RSI (Moomentum Pinball) Stratergy at the Advanced Trading Strategies within the Traderji.com; Hi, I was reading "Street Smart" by Linda Raschke and i cam across this, "There ...

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#1
19th July 2010, 11:07 PM
 Member Join Date: Jul 2008 Posts: 13 Thanks: 7 Thanked 2 Times in 1 Post
RSI (Moomentum Pinball) Stratergy

Hi,

I was reading "Street Smart" by Linda Raschke and i cam across this,

"There are lots of tricks one can do with short-term rates of change. This Pattern uses a one-period rate of change or "momentum" function. This is simply, the difference between today's close and yesterday's close. (i.e., if today;,, closing price was 592 and yesterday's closing price was 596, the
difference is -4.) A three-period RSI of this one period change is calculated. (Most software charting packages allow the user to do studies on studies in just this way.) "

Can anyone explain in simple words on how do i calculate Three Period RSI?

2) Also what is a "three-period RSI of a one-period rate of change (the daily net change)"?

Ps: A Formula to calculate will also Help.

Thanks,
Harshit Patel
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#2
20th July 2010, 07:02 PM
 Member Join Date: Sep 2004 Posts: 4,580 Thanks: 2,974 Thanked 4,557 Times in 2,010 Posts
Re: RSI (Moomentum Pinball) Stratergy

Quote:
 Originally Posted by pat.harsh Hi, I was reading "Street Smart" by Linda Raschke and i cam across this, "There are lots of tricks one can do with short-term rates of change. This Pattern uses a one-period rate of change or "momentum" function. This is simply, the difference between today's close and yesterday's close. (i.e., if today;,, closing price was 592 and yesterday's closing price was 596, the difference is -4.) A three-period RSI of this one period change is calculated. (Most software charting packages allow the user to do studies on studies in just this way.) " Can anyone explain in simple words on how do i calculate Three Period RSI? 2) Also what is a "three-period RSI of a one-period rate of change (the daily net change)"? Ps: A Formula to calculate will also Help. Thanks, Harshit Patel
No idea how it can be done manually ,i.e in a spread sheet, but most TA softwares like Metastock etc. have built in indicators to plot 3 period (or for that matter any period) RSI on a chart. If you plot a 1 period ROC(this again is built in) and then on it plot a 3 period RSI, you get 3 period RSI of 1 period ROC.
#3
22nd September 2010, 02:42 PM
 Member Join Date: Sep 2010 Posts: 18 Thanks: 0 Thanked 11 Times in 4 Posts
Re: RSI (Moomentum Pinball) Stratergy

Here are links to the maths and use of Excel

http://stockcharts.com/help/doku.php...ve_strength_in

http://niftyrsi.blogspot.com/

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