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John,
This begins to address my very first comments about modifiying the <30 >70 issue. AB can do this easily, and for a lot less than
$299 US.
This is a first step. The second step is to think critically about the indicators. Some of them are arithmetically pretty but
don't work as strongly in the area of interest, eg the RSI losses sensitivity exactly where we most want to think about buying or
selling. Problems also aply to others such as MACD which has ema, therefore I will use a differential approach.
AB is fast and powerful and can very quickly be used to play with these new variations. I suspect the limit is ones own imaginative
powers to conceive new things. But also required is the "stick-to-itiveness" to understand the subtleties of what is happening.
None of these thoughts are mine exclusively. I have seen them periodically in books and on the internet. I think if you design
your own or adapt something and stick with it you'll have more ownership of the process and likely to be prepared to extract what it
may offer.
Anyhow, for now I've probably stoked that fire enough.
P
----- Original Message -----
From: "John R" <jrdrp@xxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Wednesday, October 10, 2001 8:37 PM
Subject: Re: [amibroker] Re: Modified RSI
> Dimitris,
>
> I have been following this thread on modified RSI and the problem of correct
> settings for ob os levels on oscillating indicators in general. An approach
> I have found useful in the past is the use of so called "Dynamic Zones"
> (dynamically changing ob os levels). You may find interesting description
> here:-
>
> http://www.rinasystems.com/rina.asp?WCI=RINALinks&WCE=MenuDZIArticle
>
> John
>
> ----- Original Message -----
> From: "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx>
> To: <amibroker@xxxxxxxxxxxxxxx>
> Sent: Wednesday, October 10, 2001 9:46 AM
> Subject: [amibroker] Re: Modified RSI
>
>
> > --- In amibroker@xxxx, "server not recognized" <winchp@xxxx> wrote:
> >
> > >
> > > I am suggesting to be radical and not simply rearrage or blend
> > outcomes from various established indicators, but break them open
> > > completely an re-cast their principles.
> >
> > This is another, interesting subject.
> > DT
> >
> >
> >
> >
> >
> >
> > Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
> >
> >
>
>
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
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