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rsi period

sir
i am using tradetiger terminal of sharekhan and i found that the value of rsi given by you and rsi in the terminal differs significantly. rsi 14 day period of gspl in sharekhan is 68.09 for 16/04/14 and as per you it is 62.76
and such difference occurs for almost all the stock. so kindly let me know the exact what criteria you use to calculate rsi and if it is same as 14 period kindly let me know why there is difference.
Posted by ankit Posted on : 16-Apr-2014

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Answer to this Question By Community
Posted by Admin
Posted on: 15-Aug-2014
Dear Guest,

We have done random check and found them to be good. Baring Axis bank, which is due to recent split and got missed out by us.

RSI is my favorite indicator and I personally monitor it regularly and will be extremely concerned if it is not correct. Please drop your excel sheet at contactus@topstockresearch.com with three stocks , we will find out why there is any difference.

Please elaborate on 'RSI value wrong'.
Thanks
Site Admin

Posted by Guest
Posted on: 14-Aug-2014
Hello admin, Please note that the entire RSI values in your site is wrong; I use excel file to calculate and I am not even able to get a single RSI similar to yours in any stock; for e.g. My RSI for Axis bank on 13-Aug-2014 is 42.5 and yours is 1.4 and my number matches with (google,yahoo) and all major charting tools; please recheck your RSI formulae for all stocks( My MACD and slow stochastic value is matching perfectly with yours)

Posted by Admin
Posted on: 17-Apr-2014
Hi Ankit,

We have checked our values and it looks good to us. we use standard 14 days RSI. We won't be able to comment on any other tool's value.

One thing to note that we do not include data for special trading session like the one happened on 22nd Mar 14 (Saturday). These session happens for very short time and market participation is also less. Including such days activity skew results.
Thanks
Site Admin

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