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Hi John,
Thank you for the site.
The starting point is the same: we do not want an
arbitrary 30-70 level. It would be better to have a
moving zone, following the Market changes.
We agree for a slow trend follower(50-100 days
average of RSI or Stochd).
At this point we take different directions. He calculates
the probability to be out of the zone for a (user defined)
certain percentage, I simply use a -Dbuy, +Dsell band
around the average, creating a steady width band, which
is enough for the beginning(it may be changed with the
use of stdev, if someone needs a Bollinger-like band).
His zone is similar to Donchian bands designed on RSI.
Unfortunately it is not possible to judge which procedure
is better, his examples are from bullish S&P periods, he says
that things are different when the bears come(we all know that).
As you see, my examples are from bearish environment.
As for the 300USD per year of wisdom, I have no comments.
Dimitris Tsokakis
--- In amibroker@xxxx, "John R" <jrdrp@xxxx> wrote:
> 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@xxxx>
> 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/
> >
> >
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