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Andy,
The RSI is one of my favorite indicators. Go to this site and study
several RSI indicators.
http://www.eis.pl/kr/AFM/e-0-tytulowa-r.html
I believe what you will find is that the heart of the RSI is that it
uses ROC(Close,1,$) which is the same Close - Ref(Close,-1). The
summation periods or smoothing periods are really the only things
that change. Since you want to use a longer rate of change period you
can change any of the custom formulas to ROC(Close,5,$) or
Close - Ref(Close,-5) to obtain the weekly rate of change. Hope this
helps.
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, "Andycan" <andycan@xxxx> wrote:
>
> ----- Original Message -----
> From: Roy Larsen
> To: equismetastock@xxxxxxxxxxxxxxx
> Sent: Tuesday, March 11, 2003 12:40 AM
> Subject: Re: [EquisMetaStock Group] RSI
>
>
> Andy
>
> I don't understand what the problem is. Can you explain further?
>
> Roy
>
> ----- Original Message -----
> From: "andy1can2" <andycan@xxxx>
> To: <equismetastock@xxxxxxxxxxxxxxx>
> Sent: Tuesday, March 11, 2003 2:09 AM
> Subject: [EquisMetaStock Group] RSI
>
>
> > i have been testing various TA for my tradintg stratergies but
i am
> > having a prob with programming indicators in metastock though i
am
> > familiar thet metastock has its own rsi what i wanted to do was
to
> > vary the periods rate of change similar to LBR/RSI concept.
could
> > somebody help me in this matter i am currently having to do it
> > manually and its limiting the number of securities that i can
back
> > test this on
> >
> >
> > Thanks in advance
> >
> > Andy
>
> >
> >To Roy
>
> > my understanding of the RSI indicator is that it uses a 5
period smoothing of the average upward price divided by the average
downward price.
> What i wanted to do was to just compare in the calculation a one
period rate of change i.e yesterdays close minus todays close or last
weeks close minus this weeks close.
>
> thanks in advance
>
>
> Andy
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