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The original text
"The reverse-engineered RSI, or RevEngRSI for short, can
help determine the following time period's closing price using the
value of the oscillator. "
is a bit inaccurate. It works in the following sense: Tell me
tomorrow´s RSI() and I will tell you tomorrow´s Close.
I will not make further comments for this "logic".
Dimitris Tsokakis
--- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx>
wrote:
> Jayson,
> We simply can not predict tomorrows close using this indicator.
> We already suppose we know tomorrow´s RSI().
> But, tomorrow´s RSI() is equally unknown to tomorrow´s Close
> We need some kind of NeuralNetwork platform and then accept the
> respective NN hypothesis and someone to undertake the NN risk !!.
> Even this procedure would not need RSI() to operate.
> The indicator may give VISUAL channels if , for example, you plot 3
> graphs for value=35, 50, 65 and work similar to Keltner Channels or
> Bollinger Bands.
> Simply set value=RSI() and you will receive nothing but the Close
> graph again.
> See also
>
http://www.traders.com/Documentation/FEEDbk_docs/TradersTips/TradersTi
> ps.html
> comments.
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Jayson" <jcasavant@xxxx> wrote:
> > Franco,
> > it is in the members section on the web site......
> >
> > Regards,
> > Jayson
> > -----Original Message-----
> > From: Franco Gornati [mailto:fgornati@x...]
> > Sent: Tuesday, May 27, 2003 1:17 PM
> > To: amibroker@xxxxxxxxxxxxxxx
> > Subject: Re: [amibroker] Re: RE RSI
> >
> >
> > quchi wrote:
> > > Anyway THIS is a incredible cool indicator and I'm using it
since
> the
> > > day TASC was out - I had something similar before but this is
MUCH
> > > better(of course done by TJ:) - thx TJ and Dr Giorgos Siligardos
> > > wow
> >
> > Anyone kind enough to share it? I can't find it
> >
> > Thanx
> >
> > Franco
> >
> >
> >
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> >
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