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Tomasz,
How should I read the whole article ?
It is included in June magazine and, here in Greece, it is still May.
My only reference was the abstract from
http://www.traders.com/Documentation/FEEDbk_docs/Abstracts_new/Siligar
dos/siligardos.html
and then, the most interesting, your code.
There is no trouble at all.
If I know tomorrow´s RSI, I can tell you tomorrow´s close.
If I don´t, ...
I should add to my dictionary another, interesting line
determine=speculate
[http://education.yahoo.com/reference/dictionary/entries/10/d0171000.h
tml]
Besides that, please try to understand the average poor reader/trader
who thinks that determine=predict
[and you know very well the reason why...]
As for the WHAT-IF scenarios, I have already posted some probable
uses of this method and more examples will follow.
[I am waiting for 4.40 standard edition.]
In the mean time, this method brings again the interesting use of a
RANK() function. Are there any plans for this?
[We have two interesting additions at
http://www.amibroker.com/library/detail.php?id=283
http://www.amibroker.com/library/detail.php?id=284
thanks to Walt´s sharing spirit]
Thank you very much for your reply.
Dimitris Tsokakis
--- In amibroker@xxxxxxxxxxxxxxx, "Tomasz Janeczko" <amibroker@xxxx>
wrote:
> Dimitris,
>
> The trouble is that your analyse the indicator code without reading
the article.
>
> You are right that no one would know exact RSI value for tommorrow
> without knowing exact close price
>
> ... but...it is not the point of the article.
>
> The article shows the way to use reverse RSI to analyse
> "WHAT-IF" scenarios.
>
> The author asks the question WHAT will be the value of close for
> tommorrow IF RSI moves to point 'x'.
>
> It is speculation not prediciton.
> The author suggests to check several what-if scenarios
> (based on individual experience and known patterns that happen
> often on RSI indicator).
>
> The author suggest that support - resistance levels
> observerved on RSI could be used to find corresponding S/R areas
> in prices itself.
>
> Best regards,
> Tomasz Janeczko
> amibroker.com
>
> ----- Original Message -----
> From: "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx>
> To: <amibroker@xxxxxxxxxxxxxxx>
> Sent: Tuesday, May 27, 2003 9:16 PM
> Subject: [amibroker] Re: RE RSI
>
>
> 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
> > >
> > >
> > >
> > > Yahoo! Groups Sponsor
> > > ADVERTISEMENT
> > >
> > >
> > >
> > >
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>
>
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