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D.T. et al re: RSI mods
Have you tried adding a fixed sum to the RSI + & - outputs, to create
an unlimited display range, rather than the /100 norm?
As someone stated earlier, we are missing RSI sensitivity at pivotal
turning points because of /0 & /~.
On Balance Volume does this, and often produces final pivot
divergence where RSI is silent.
If effective on RSI, such recasting of + & - closes into unlimited
range display could perhaps add value to other indicators that
include 0 - 100 normalized oscillators.
M.R.
--- In amibroker@xxxx, "Dimitris Tsokakis" <TSOKAKIS@xxxx> wrote:
> Since we search a zone around AVRSI, let us try Bollinger Bands,
> already built-in Amibroker functions.
>
> /*Modified RSI and Bollinger bands*/
> X1=Optimize("X1",10,10,20,1);
> STD1=Optimize("STD1",4,2,10,1);
> PER=Optimize("PER",20,10,30,5);
> s1=MA(RSI(X1),3);
> AVRSI=MA(s1,50);
> BL=BBandBot(AVRSI,PER,STD1);
> SL=BBandTop(AVRSI,PER,STD1);
> Buy = Cross( s1,BL);
> Sell = Cross( SL,s1);
>
> Run Optimize for current stock, all quotations.
> In Indicator Builder, replace X1, STD1, PER with the optimization
> results and paste the
>
> X1=11;STD1=4;PER=10;
> s1=MA(RSI(X1),3);
> AVRSI=MA(s1,50);
> BL=BBandBot(AVRSI,PER,STD1);
> SL=BBandTop(AVRSI,PER,STD1);
> MaxGraph=6;
> Graph0=S1;Graph1=AVRSI;Graph1Style=8;Graph1BarColor=2;
> Graph3=BBandBot(AVRSI,PER,STD1);
> Graph4=BBandTop(AVRSI,PER,STD1);
> Graph3Color=Graph4Color=15;
>
> Interesting results also.
> Dimitris Tsokakis
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