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RSI Formula
A technical analysis indicator that compares the days that a stock finishes
up against when it finishes lower. The RSI ranges from 0 to 100, but a stock
is considered overbought if it reaches 70 (or 80 in true bull markets),
indicating that you should consider selling the stock.
RSI (Relative Strength Index) Formula:
RSI = 100 - (100/1 + RS)
RS = ratio of exponentially smoothed moving average of n-period gains
divided by the absolute value of the exponentially smoothed moving average
of n-period losses.
Reference: Kaufman, Perry, The New Commodity Trading Systems and Methods
I think you need to break apart the formula and solve the equation to RSI
=25 ( and RSI = 75).
Need to drop the first term and add a new Close value and solve for the
close value. You can also solve for the close value by looping, but it's
probably slower.
----- Original Message -----
From: "amon_gizeh" <amon_gizeh@xxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Friday, September 05, 2008 11:44 PM
Subject: [amibroker] Predicted Close for RSI crossover
> Hello.
> I try to calculate what value for tommorow Close will make a crossover
> with line 25 (oversold level) or line 75 (overbought level). Can
> somebody help me?
> Thanks.
>
>
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Please note that this group is for discussion between users only.
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