Forex encyclopedia

Wilder recommended application of RSI measured for 14 days, but also periods for 9 and 25 days are often mentioned. This index is calculated based on relation of average value of positive growth of close price of bar (in relation to close price of previous bar) to total amount of price increment. At the period of 14 days the index expresses an average value of all positive increments in price, then – it shows an average value of all negative increments. Essentially, RSI is exactly the relation between average value of positive growth of close price to the sum of average values of positive and negative increments. RSI fluctuates within the range from 0 to 100, because average value of the index is multiplied to 100. The shorter applied period for this indicator is, the more sensitive towards price fluctuations it gets.

Popular article: Wholesale Index (WPI Index)

Wholesale Price Index (WPI) represents economic indicator applied in Germany. It allows tracing dynamics in change of wholesale goods. The index includes both German and imported goods and does not account for the goods made directly in the stores or by consumers. Original index value represents the wholesale total turnover for the year set as the basic year. Certainly, retail production is not accounted. Price statistics also impacts on the Wholesale Price Index.

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