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Thank you, thank you.
If I could do it with StochD I would be happy, but...
DT
--- In amibroker@xxxxxxxxxxxxxxx, "Jayson" <jcasavant@xxxx> wrote:
> Very Cleaver Dimitris!! Nicely done.....
>
> Regards,
> Jayson
> -----Original Message-----
> From: DIMITRIS TSOKAKIS [mailto:TSOKAKIS@x...]
> Sent: Thursday, June 12, 2003 3:03 PM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] Re: RSI support/resistance
>
>
> Ron,
> thank you for your comments.
> The whole technique is exposed at
> http://groups.yahoo.com/group/amibroker/message/42350
> I hope it stands alone and includes the appropriate references.
> For any questions on the basic #42350 message, please do not
hesitate
> to ask.
> The subject is interesting indeed...
> RSI support/resistance trendlines is already solved [I have placed
> the respective Stochastic trendlines formula in the AFL Library long
> time ago.
> The most important here, thanks to G. Siligardos method, is that we
> may speak directly in Close terms, instead of RSI.
> The first thing is to know that RSI support for the next bar is 45.
> This time we translate the same info into :The price support for the
> next bar is $17.80.
> It is direct and much more expressive.
> Dimitris Tsokakis
>
> --- In amibroker@xxxxxxxxxxxxxxx, "mrdavis9" <mrdavis9@xxxx> wrote:
> > Dimitris, I have not had the time to follow your posts regarding
> the development of these RSI channels. I wouldn't understand the
> details even if tried, but I do understand the concept, and this
is
> exactly what I have been needing. I did see a previous post where
> you congratulated Anthony for the idea of using RSI values to
plot
> horizontal lines of support and resistance. Based on the graph
> attached to your email, it appears that you have developed an
> indicator that plots RSI support resistance channels at whatever
> angles that they may occur. I would really appreciate you posting
> the finalized code, or perhaps direct me to the appropriate posts
to
> read where the code is posted. This concept is pure genius. Ron D
> >
> >
> >
> >
> > ----- Original Message -----
> > From: Dimitris Tsokakis
> > To: amibroker@xxxxxxxxxxxxxxx
> > Sent: Thursday, June 12, 2003 6:24 AM
> > Subject: [amibroker] RSI support/resistance
> >
> >
> > When an RSI channel is formatted, RSIsupport/resistance are
quite
> interesting:
> > In the att. DJI gif, the next bar readings for June10 were
> > RSIsupport=9041.29
> > RSIresisrtance=9277.71
> > Next bar [June11] spread was
> > H=9202.08
> > L=9010.13
> > C=9183.22
> > quite close to the RSI predicted levels.
> > Price trendlines were not informative at all for this session.
> >
> > Dimitris Tsokakis
> >
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