After over a year of using Sharekhan's trade tiger for technical analysis, today I started calculating RSI on spreadsheets.
I tried RSI 14 calculation and noticed a small difference between sharekhan's trade tiger's output and my spreadsheet.
Since trade tiger has RSI E,9,14 as default; I calculated the EMA 9 of RSI 14. Again there was a small difference between the broker terminal and the spread sheet. To double check if I was using the correct EMA formula, I entered the RSI 14 values directly from trade tiger and there was still a small difference in the red line plotted in RSI E,9,14.
I noticed trade tiger starts calculating RSI 14 one period earlier than I can on a spreadsheet.
Source of RSI 14 calculation information:
http://stockcharts.com/school/doku....hnical_indicators:relative_strength_index_rsi
Source of EMA 9 calculation information:
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_averages
Are my calculations in my spreadsheet's in error or do broker terminal's generally have a small difference in the output of TA values?
I tried RSI 14 calculation and noticed a small difference between sharekhan's trade tiger's output and my spreadsheet.
Since trade tiger has RSI E,9,14 as default; I calculated the EMA 9 of RSI 14. Again there was a small difference between the broker terminal and the spread sheet. To double check if I was using the correct EMA formula, I entered the RSI 14 values directly from trade tiger and there was still a small difference in the red line plotted in RSI E,9,14.
I noticed trade tiger starts calculating RSI 14 one period earlier than I can on a spreadsheet.
Source of RSI 14 calculation information:
http://stockcharts.com/school/doku....hnical_indicators:relative_strength_index_rsi
Source of EMA 9 calculation information:
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_averages
Are my calculations in my spreadsheet's in error or do broker terminal's generally have a small difference in the output of TA values?
