RE: [amibroker] Predicted Close for RSI crossover

[Fred Tonetti <ftonetti@xxxxxxxxxxxxx>]

I posted a fairly simple AFL a long time ago that would calculate the necessary change in price to meet ANY goal whether that be something related to RSI or some other built in AFL Function or something of your own design.

 

The simplest way to accomplish this is rather than having to reverse engineer any particular indictor to instead

 

-          Downshift the price array(s) by one bar

-          Fill in an arbitrary value for price on the last bar

-          Calculate the indicator value

-          Use a binary search to repeatedly adjust the price on the last bar until the goal is met

 

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From: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx] On Behalf Of Ara Kaloustian
Sent: Sunday, September 07, 2008 1:39 PM
To: AB-Main
Subject: Fw: [amibroker] Predicted Close for RSI crossover

 

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@xxxxxxxcom>
To: <amibroker@xxxxxxxxxps.com>
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@xxxxxxcom>
> To: <amibroker@xxxxxxxxxps.com>
> 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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>>
>> To get support from AmiBroker please send an e-mail directly to
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>>
>>
>

---

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