Download
Article

• Volume-weighted RSI: money flow by Gene Quong and Avrum Soudack

  ARTICLE SYNOPSIS ...Volume-weighted RSI: money flow by Gene Quong and Avrum Soudack The Relative Strength Index (RSI) by J. Welles Wilder Jr. is one of the most popular technical indicators. RSI is included in most of the technical analysis software available today. Anyone conversant with the algorithm used to calculate RSI knows that only the closing price is used. We believe RSI can be improved by using volume to weight the index. Classic market tops are characterized by an increase in volume. Technical indicators which rely only on price changes do not reflect the whole picture. Volume can vary by an order o...

AUTHOR: Gene Quong and Avrum SoudackDATE: MAR 1989