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Fw: [amibroker] Predicted Close for RSI crossover



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you may see in the members zone the
Stocks and Commodities Traders' Tips August 2003 (July 19, 2003)
Featuring:
- REVERSE ENGINEERING RSI
- STRATEGIES FOR DAYTRADING


----- Original Message ----- 
From: "Ara Kaloustian" <ara1@xxxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Friday, September 05, 2008 11:58 PM
Subject: Re: [amibroker] Predicted Close for RSI crossover


> 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.
>>
>>
>> ------------------------------------
>>
>> 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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