|
PureBytes Links
Trading Reference Links
|
I have been looking at two formulas posted in the AFL Library.
One is the "RSI Trendlines and Wedges" posted by Dimitris Tsokakis
and the other is "Support Resistance levels" posted by Graham
Kavanagh.
Many thanks to both these gentlemen for their work.
I am attempting to modify both to work from price action i.e. off the
closing price.
Question...why do you think it is preferable to try and derive
trendlines or support and resistance levels from the RSI?
Is it because the price may contain too many spikes?
For me price action is king and indicators rank a distant second.
Also Graham....your formula says it is using RSI but the s r lines
seem to work off price as i want...i am a bit confused about this
even though the formula has RSI written all throughout it. Is it
using price or rsi?
Anyways thanks to both of you for sharing your work.
Dimitris if i can get your formula to work from closing price i will
post it.
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Buy Ink Cartridges or Refill Kits for Your HP, Epson, Canon or Lexmark
Printer at Myinks.com. Free s/h on orders $50 or more to the US & Canada. http://www.c1tracking.com/l.asp?cid=5511
http://us.click.yahoo.com/sO0ANB/LIdGAA/ySSFAA/GHeqlB/TM
---------------------------------------------------------------------~->
Send BUG REPORTS to bugs@xxxxxxxxxxxxx
Send SUGGESTIONS to suggest@xxxxxxxxxxxxx
-----------------------------------------
Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx
(Web page: http://groups.yahoo.com/group/amiquote/messages/)
--------------------------------------------
Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|