|
PureBytes Links
Trading Reference Links
|
Dear M.R.
Thank you very much for search & info
Best Regards
Dimitris Tsokakis
--- In amibroker@xxxx, MLRobb@xxxx wrote:
> Dimitris,
>
> Here is the address for back issues of conference tapes, and
printed
> material; Tim Slater is the director.
>
> Telerate Seminars, 701 Poydras, Suite 3900, New Orleans, LA 70139-
3901
> FAX 504-592-4553 Phone 800-535-7990. Ask about RSI presented by
> Andrew Cardwell.
>
> M.R.
>
>
>
>
>
> --- In amibroker@xxxx, MLRobb@xxxx wrote:
> > Dimitris,
> >
> > Here is a closer url:
> >
> > http://members.aol.com/stratagem1/infoonco.htm
> >
> >
> >
> >
> > --- In amibroker@xxxx, "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx> wrote:
> > > Dear MLRobb,
> > > Thank you for your reply.
> > > You missed the reference of Mr Cardwell work. Unfortunately I
am
> > not
> > > informed. If it is available, please forward.
> > >
> > > Dimitris Tsokakis
> > > --- In amibroker@xxxx, MLRobb@xxxx wrote:
> > > > Dimitris:
> > > >
> > > > You have probably a good idea. There was a body of work begun
> by
> > > > Cardwell, which observed RSI 14 tending to a 40-80 bull-band,
> > > > or a 20-60 bear-band:
> > > >
> > > > He introduced (I believe) the predictive concept of positive
> and
> > > > negative reversals (being inverted divergences of RSI v.
Price
> > > > pivots); It had some beneficial predictive results concerning
> > > > subsequent peak and trough price.
> > > >
> > > > However, as you indicate, these ranges are not transferable
> from
> > > one
> > > > stock to another, necessarily, or from an index to member
> stocks,
> > > etc.
> > > >
> > > > Rather than manually adjust the RSI value, in attempt to fit
> > price
> > > > action into one of the above ranges, you seem to be striving
> for
> > a
> > > > more specific number, which should have good results.
> > > >
> > > > M.R.
> > > >
> > > >
> > > >
> > > > --- In amibroker@xxxx, "Dimitris Tsokakis" <TSOKAKIS@xxxx>
> wrote:
> > > > > Oversold and overbought levels are usually selected by
> > experience
> > > > and may
> > > > > be not satisfactory for a certain Market.
> > > > > We can change levels in order to give a more reliable
> > description
> > > > of the Market.
> > > > >
> > > > > 1. When we select 30, 70 , i.e. equal distance from 0, 100,
> we
> > > have
> > > > not any reason
> > > > > to do it. Perhaps 24, 70 for example would be more
realistic.
> > > > >
> > > > > 2. I have the following idea:
> > > > > I will examine the oversold time for each stock, I will
take
> > its
> > > > average and so I will
> > > > > define the "mean oversold time (MOT)" for the Market.
> > > > > This will be done for an oversold level which gives MOT >5%
> of
> > > > total days, else oversold is meaningless.
> > > > >
> > > > > 3. Then I will search for a certain overbought level which
> > gives
> > > > the same "mean
> > > > > overbought time". I consider this more fair for the Market,
> > > whereas
> > > > 30, 70 or 20, 80
> > > > > sounds abritary.
> > > > > In other words, I ask levels which share the time equally
for
> > > > oversold and overbought
> > > > > phases.
> > > > >
> > > > > Any opinion on this ?
> > > > > (The thought behind the curtain is that buyers and sellers
> wait
> > > > nearly the same
> > > > > time interval, until they change the trend.)
> > > > > (formulas are almost prepared, I want to discuss the basic
> > > thought).
> > > > >
> > > > > Best regards
> > > > > Dimitris Tsokakis
|