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Dimitris,
June TASC is sent to the readers early May. If your subscription
is delivered by *air mail* you should already have it.
(I have it already and Poland is approx. the same distance from USA
as Greece). Things work much slower when your magazine
is delivered by ordinary mail then it may take >6 weeks.
Best regards,
Tomasz Janeczko
amibroker.com
----- Original Message -----
From: "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Wednesday, May 28, 2003 8:30 AM
Subject: [amibroker] Re: RE RSI
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
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> > >
> > >
> > >
> > >
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>
>
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