RSI

Shows relative predominance of tendency to increase over tendency to decrease for PERIOD time periods. It’s useful to detecting conditions of overbought and oversold market, thus it shows the possibility to change trend direction. If RSI is closer to 100, then it points out the predominance of tendency to rising (the market is possibly overbought). If RSI is closer to 0, then it points out the predominance of tendency to falling (the market is possibly oversold).

Syntax:

Public Function RSI(ByVal RSIIn() As Double, ByVal Lag As Long) As Double

Parameters:

ByVal RSIIn() As Double
ByVal Lag As Long

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Example:

Dim TA4Net As New TA4Net.CTAFunctions("YOUR-REGISTRATION-CODE")

Dim Result() As Double

Dim CloseValues() As Double

' loading values to array

CloseValues = GetCloseValues()

' calculating Technical Analysis function

Result = TA4Net.RSI(CloseValues, 14)

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