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I would probably try something like this....
Calc = RSI( 14 ); // i.e., whatever formula you are using to define your
RSI
Goal = 30; // i.e., the RSI value where you want to set your stop
Steve
----- Original Message -----
From: "droskill" <droskill@xxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Tuesday, June 10, 2008 2:08 PM
Subject: [amibroker] Re: RSI - calculating an exit
> Great stuff - just a clarification - so if I'm doing an RSI
> calculation, I would put in the formula for RSI (100-100/RS+1 or
> something like that), and NOT use RSI (the default indicator)?
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Steve Dugas" <sjdugas@xxx> wrote:
>>
>> That sounds like a job for Fred's "Price Predictor" code ( thanks
> Fred! ). I
>> have attached it below, you will probably just need to plug your own
> values
>> into the Calc and Goal statements.
>>
>> Steve
>> _________________________________
>>
>> You supply:
>>
>> - The array in the first statement ( Assumedly Price )
>> - The Indicator in the Calc = statement
>> - The Goal in the Goal = statement
>>
>> ... It will return in Explore the value needed in the array in the
>> next bar to have the indicator meet the goal in the next bar.
>>
>> This is set up for use with a typical MACD but can be easily modified
>> for use with any indicator you can design.
>>
>> P0 = Close;
>>
>> Acc = 0.00001;
>>
>> LVBI = LastValue(BarIndex());
>> Mult = 1;
>>
>> for (i = 0; i < 10; i++)
>> {
>> If (P0[LVBI] >= 1)
>> i = 99;
>> else
>> {
>> P0 = P0 * 10;
>> Mult = Mult * 10;
>> }
>> }
>>
>> P1 = Ref(P0, 1);
>> UpDn = 100 * P1[LVBI];
>>
>> for (i = 0; i < 200; i++)
>> {
>> Calc = EMA(P1,12)-EMA(P1,26);
>> Goal = EMA(EMA(P1,12)-EMA(P1,26),9);
>>
>> if (Calc[LVBI] < Goal[LVBI])
>> P1[LVBI] = P1[LVBI] + UpDn;
>> else
>> P1[LVBI] = P1[LVBI] - UpDn;
>> UpDn = UpDn / 2;
>> if (UpDn <= Acc)
>> {
>> j = i;
>> i = 99999;
>> }
>> }
>>
>> Accuracy = 100 * (abs(Goal[LVBI] - Calc[LVBI]) / Goal[LVBI]);
>>
>> Filter = BarIndex() == LVBI;
>>
>> AddColumn(Mult, "Multiplier", 1.0);
>> AddColumn(Calc[LVBI - 1] / Mult, "Curr Ind Val", 1.9);
>> AddColumn(Goal / Mult, "Goal Ind Val", 1.9);
>> AddColumn(Calc / Mult, "Calc Ind Val", 1.9);
>> AddColumn(j, "Iterations", 1.0);
>> AddColumn(Accuracy, "Accuray (%)", 1.9);
>> AddColumn(Ref(P1, -1) / Mult, "Current Array", 1.9);
>> AddColumn(P1 / Mult, "Needed Array", 1.9);
>>
>>
>> ----- Original Message -----
>> From: "droskill" <droskill@xxx>
>> To: <amibroker@xxxxxxxxxxxxxxx>
>> Sent: Tuesday, June 10, 2008 1:22 PM
>> Subject: [amibroker] RSI - calculating an exit
>>
>>
>> > Let's say that I've got a defined RSI level for an exit - and I'd like
>> > to calculate a target based on that so I can have a stop order in the
>> > market at a specific target. Is there anyway for me to calculate what
>> > the price would be on a given RSI level?
>> >
>> > Thanks!
>> >
>> >
>> > ------------------------------------
>> >
>> > Please note that this group is for discussion between users only.
>> >
>> > To get support from AmiBroker please send an e-mail directly to
>> > SUPPORT {at} amibroker.com
>> >
>> > For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
>> > http://www.amibroker.com/devlog/
>> >
>> > For other support material please check also:
>> > http://www.amibroker.com/support.html
>> > Yahoo! Groups Links
>> >
>> >
>> >
>> >
>>
>
>
>
> ------------------------------------
>
> Please note that this group is for discussion between users only.
>
> To get support from AmiBroker please send an e-mail directly to
> SUPPORT {at} amibroker.com
>
> For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
> http://www.amibroker.com/devlog/
>
> For other support material please check also:
> http://www.amibroker.com/support.html
> Yahoo! Groups Links
>
>
>
>
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