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Tomasz,
There is something I did not understand in your TASC RE RSI formula:
The text is :"The reverse-engineered RSI, or RevEngRSI for short, can
help determine the following time period's closing price using the
value of the oscillator. "
If I put value=LastValue(RSI()) [the 39.82 in your formula] , then,
obviously, LastValue(RevEngRSI) will be equal to the [known] LastValue
(C).
Where is the "following time periods closing price" ?[ie the unknown
tomorrows close]
In general, since [todays] RSI() is a function of [todays] Close, the
reverse function would give [todays] Close as a function of [todays]
RSI().
But, todays Close is known and doesnt need RSI() to be calculated.
The whole procedure seems meaningless to me. Do I miss something ?
TIA
Dimitris Tsokakis
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