--- /dev/null
+## Copyright (C) 2008 Bill Denney <bill@denney.ws>
+##
+## This program is free software; you can redistribute it and/or modify it under
+## the terms of the GNU General Public License as published by the Free Software
+## Foundation; either version 3 of the License, or (at your option) any later
+## version.
+##
+## This program is distributed in the hope that it will be useful, but WITHOUT
+## ANY WARRANTY; without even the implied warranty of MERCHANTABILITY or
+## FITNESS FOR A PARTICULAR PURPOSE. See the GNU General Public License for more
+## details.
+##
+## You should have received a copy of the GNU General Public License along with
+## this program; if not, see <http://www.gnu.org/licenses/>.
+
+## -*- texinfo -*-
+## @deftypefn {Function File} {@var{rsi} =} rsindex (@var{closeprice})
+## @deftypefnx {Function File} {@var{rsi} =} rsindex (@var{closeprice}, @var{nperiods})
+##
+## Compute the relative strength index (RSI) of an asset from the vector
+## of closing prices (@var{closeprice}). @var{nperiods} defines the
+## number of periods that the rsi should be calculated for
+## (default: 14).
+##
+## The beginning of the @var{rsi} is padded with nans to match the size
+## of @var{closeprice}.
+##
+## @end deftypefn
+
+function rsi = rsindex (cl, n = 14)
+
+ if nargin < 1 || nargin > 2
+ print_usage ();
+ elseif n > length(cl)
+ error ("nperiods must be <= the length of closeprice")
+ elseif ! isvector (cl)
+ error ("closeprice must be a vector")
+ endif
+
+ diff = cl(2:end) - cl(1:end-1);
+ rsi = nan (size (cl));
+
+ for i = n:length (cl)
+ changes = diff(i-n+1:i-1);
+ downs = changes < 0;
+ ups = changes > 0;
+ if isempty (downs)
+ ## prevent division by zero
+ rsi(i) = 100;
+ elseif isempty (ups)
+ rsi(i) = 0;
+ else
+ ups = sum(changes(ups));
+ downs = -sum(changes(downs));
+ rsi(i) = 100*(1-1/(1+ups/downs));
+ endif
+ endfor
+
+endfunction
+
+## Tests
+%!shared c, r
+%! c = [22.44 22.61 22.67 22.88 23.36 23.23 23.08 22.86 23.17 23.69 23.77 23.84 24.32 24.8 24.16 24.1 23.37 23.61 23.21];
+%! r = [nan(1, 13) 85.1190 70.235 68.6684 55.6322 53.0414 49.7717];
+%!assert(rsindex(c), r, 0.0001)
+%!assert(rsindex(c'), r', 0.0001)