How closely the order of dates matches the order of prices
RCI measures, on a scale from −100% to +100%, how closely the order of days in a period matches the order of closing prices from high to low. If the price climbs every day it approaches +100%; if it falls every day it approaches −100%. Unlike RSI and similar tools, it looks at how orderly the rise or fall is, not how strong it is.
If the close beats the previous day's close on each of 9 days, the 9-day RCI reads +100%.
For learning, not investment advice. Decisions are your own.
StockFit · TrueNorthLabs Inc.