Internal Strength indicator.

The indicator has three input parameters:

  • RSI period - RSI calculation period

  • Calculating method - calculation method

  • Price - calculation at High/Low/Close prices

  • RSI on price - RSI at High/Low/Close prices

  • Drawing type - display type

  • Line - line

  • Bars - bars

Calculation:

IS = Data

where:

  • If Calculating method = Price
    Data = Raw

  • If Calculating method = RSI on price
    Data = RSI(Raw,RSI period)

Raw = (Close-Low)/(High-Low)

Fig. 1. Internal Strength, RSI on price, Line

Fig. 2. Internal Strength, RSI on price, Bars

Fig. 3. Internal Strength, Price, Line

Fig. 4. Internal Strength, Price, Bars