For example:
QuantConnect
BMO on 15/2/18 - RSI <25
TradingView
BMO on 15/2/18 - RSI around 43
_______________________________________________________
Not just BMO, lots of RSI value are not accurate.
I am using following code to find low RSI value equities.
But unfortunely many equites RSI value are much higher than 25.
I am not too sure that is RSI problem or Universe problem.
AddUniverse(coarse =>
{
return (from cf in coarse
where cf.Price < 150
where cf.DollarVolume > OneBillion
let avg = _averages.GetOrAdd(cf.Symbol, sym => new SelectionData())
where avg.Update(cf.EndTime, cf.Price)
where avg.rsi_1 <25
where cf.Price > avg.sma_80
where avg.sma_40 > avg.sma_60
where avg.sma_80 > avg.sma_100
where avg.sma_60 > avg.sma_100
orderby cf.DollarVolume descending
select cf.Symbol);
});
Michael Manus
what i have seen it maybe take some time to lets say heat up the RSI indicator...
could you take maybe some measurments when the rsi indicator is gone through rsi period * 2 or period *3 values.
example: rsi(9) daily ... check values after 20 days
AND POST back when you find something
lets wait on an official answer from the staff but they did checks and backtests comparing with other sources and the indicator is used during online trading by many people .... also with backtests and all that stuff ....so .......
but here are some RSI examples you could check printing the rsi values:
RSI using wilder
OuYangFeng
Thank you, Michael.
I have found the problem,
I was using MovingAverageType.Simple in instead of MovingAverageType.Wilders.
rsi_1 = new RelativeStrengthIndex(12,MovingAverageType.Wilders );
The values are accurate now.
Thank you for your post.
OuYangFeng
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