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Jayson,
this [still experimental] study is based on RSI and Siligardos
method: If we know [predict] next bar RSI then we will know today´s
close [before the bell...]
For now I thought to search for intraday Low...
DT
--- In amibroker@xxxxxxxxxxxxxxx, "Jayson" <jcasavant@xxxx> wrote:
> You lost me Dimitris...... Is this tied into your RSI predictions
or are you
> on a new thread?? It is an intriguing idea but I am not sure how
you are
> approaching the calculation..
>
> Regards,
> Jayson
> -----Original Message-----
> From: Dimitris Tsokakis [mailto:TSOKAKIS@x...]
> Sent: Monday, June 16, 2003 1:03 PM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] The [unknown] next bar Support
>
>
> Here is my first attempt to predict the next bar Low.
> The statistical results are not bad at all.
> In the attached gif, next bar candles are plotted together with
todays
> Support prediction for tomorrow
> [the last candle is missing, since it is not known yet.]
> The support line is green when we predict tomorrows Low with less
than 2%
> error
> For ^NDX it was possible 148 from the last 200 bars [74%] , from
the end of
> last Aug.
> For AMGN it was the 84%
> 71 stocks of the N100 database obtained less than 2% Low
approximation for
> more than the half of the 200-bar test period.
> How about a less than 1% error between the predicted and the actual
Low?
> For ^NDX it was possible the 48% of the last 200 bars.
> 9 stocks were between 50% and 60% of this period.
> The decay rate was not dramatic, 34 stocks were "less than 1%
correct" more
> than the 40% of their trading bars.
> Instead of various artificial [and many times unrealistic] Support
levels
> [previous supports, Fibonacci supports, even trendlines supports]
> is it better to *know* next bar Low with less than 2% error for the
majority
> [71%] of the stocks ?
> Think about...
> Dimitris Tsokakis
>
>
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