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Seems that RSI and other parameters has different or wrong value.

Hi Team,
I am comparing RSI and CMF with other chart site like zerodha, sharekhan, investing and chartink. Seems that all other sites have same value but topstockresearch has always different value. This would result in wrong screening and stock selection.

Could you please let me know how to match these value with other sites also.

Thanks,
Rakesh
Posted by Rakesh Posted on : 08-May-2021


More details on the issue.
Posted by Admin
Posted on: 08-May-2021
Hi Rakesh,
Please have a look at Data Issues Section in MyTSR Help

Copying Portion of it for your ready reference

There could be several formula to derive same fields. One Example is Moving Average SMA / EMA , WMA etc. Any one of them can be called as Moving Average.
Similarly RSI (Relative Strength Index)
There are at least two ways to calculate.
RSI and Smooth RSI
Some sites calculate one while tools like TopStockResearch calculates both. So if the value from your brokers site / Other tools does not match then do consider checking the other one.
RSI is faster and gives signal faster while Smooth RSi is slower. You should use them depending on your trading profile. Volatility on stocks is also another factor you should consider.
Our personal experience backed by back testing has found RSI to give better results.

Hope it helps
Thanks
Site Admin

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