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The 39.82 is the stall value of RSI(14).
nand
--- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx>
wrote:
> 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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