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Check the archives and library for code written by
Dimitris T(???) for predicting the needed value of ROC or MACD (don't remember
which or maybe both) for the next day buy/sell signal.
----- Original Message -----
Sent: February 24, 2010 12:58 PM
Subject: [amibroker] Next bar
condition
Using the RSI coded as basis, I tried to create an indicator
that would plot on the price chart a pricevalue-for-next-bar that would cause
the RSI(n) to equal 70. So I would know one day in advance at which price (in
this case, closing price) I could consider my position as being overbought.
My algebric knowledge seems insufficient to pull out the right AFL code
from the below RSI function (provided by Tomasz in the past and which gives
identical result to the built in RSI:
function BuiltInRSIEquivalent(
period )
{
P = N = 0;
result = Null;
for( i = 1; i < BarCount; i++ )
{
diff = C[ i ] - C[ i - 1 ];
W = S = 0;
if(
diff > 0 ) W = diff;
if( diff < 0 ) S = -diff;
P = ( ( period -1 ) * P + W ) / period;
N = ( ( period -1 ) * N + S ) / period;
if( i >=
period )
result[ i ] = 100 * P / ( P + N );
}
return result;
}
Plot(
BuiltInRSIEquivalent( 14 ), "RSI 1", colorRed );
Plot( RSI( 14 ), "RSI 2",
colorBlue );
Any help appreciated - this indicator would allow one
to exit MOC by adding a condition to your order: exit at close if price >
x.
Carl
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**** IMPORTANT PLEASE READ ****
This group is for the discussion between users only.
This is *NOT* technical support channel.
TO GET TECHNICAL SUPPORT send an e-mail directly to
SUPPORT {at} amibroker.com
TO SUBMIT SUGGESTIONS please use FEEDBACK CENTER at
http://www.amibroker.com/feedback/
(submissions sent via other channels won't be considered)
For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
http://www.amibroker.com/devlog/
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