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Jim,
Mathematically correct, as usual.
I try for some interpretation/application of this interesting
property.
See an effort at
http://groups.yahoo.com/group/amibroker/message/25760
There are a lot of things to learn and make life easier [?].
Thank you for this clear contribution.
Dimitris Tsokakis
--- In amibroker@xxxx, jvarney <jvarn359@xxxx> wrote:
> --- In amibroker@xxxx, "DIMITRIS TSOKAKIS"
> <TSOKAKIS@xxxx> wrote:
> > Does anybody can give a qualitative explanation why
> > RSI(t)*RSI(t)/100 is mostly equal to RSI(t)-25 for any t and for
any
> > stock ?
> > Dimitris Tsokakis
>
> Yes. RSI(t)-25 is a line that is asymptotic to the
> RSI^2/100 curve at RSI=50. The deviations from the
> straight line to the parabola are small between
> RSI=30 and RSI=70. RSI spends most of its life
> between 30 and 70, so it "seems" the two functions
> are "mostly true." The chart shows why.
>
> Regards,
>
> Jim
>
>
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