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excellent indicator
i just noticed smth :
when the price touches on of the 2 rsi band (or
whatever they're called) and the bands are converging
(they are somewhat //) then the band that is
penetrated will trigger a reversal
--- "Scoubidoo (Alain)" <scoubidoo@xxxxxxxxxxxxxxx>
wrote:
> Hi Dusant,
>
> The ReversalEngRSI project the price targuet if the
> RSI touchs the 30,50
> or 70 line.
>
> Apply the ReversalEngRSI on the stock. Put 3 lines
> on the RSI 30,50
> and 70.
>
> When the RSi will touch the line 30, the stock will
> touch the bottom
> line.
> When the RSI will touch the line 50, the stock will
> touch the middle
> line.
> When the RSI will touch the line 70, the stock will
> touch the top line.
>
> Application, If I see the RSI tendance, want to
> touch the 70 line, I
> buy the stock and my targuet will the top line.
>
> Scou.
>
> -----Original Message-----
> From: Dusant [mailto:cooldush@xxxxxxxxxxx]
> Sent: Thursday, August 21, 2003 8:33 AM
> To: equismetastock@xxxxxxxxxxxxxxx
> Subject: [EquisMetaStock Group] Re:
> ReversalEngineeringRSI
>
>
> Alian,
> I have not read the article you are referring to.
> However, the formula
> posted by you looks interesting.
> Could you please shed some more light on its method
> of trading or
> interpretation, in a brief manner?
> Thank you
> Dusant
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "Alain"
> <scoubidoo@xxxx> wrote:
> > Hi,
> >
> > Here's Futures of Nasdaq100 - NQ U3
> 07/23/2003.
> >
> > I applied Reversal Engineering RSI on the graph.
> >
> > Look, each times the RSI cross or touch
> 30-50-70 line, the
> Reversal
> > Engineering RSI cross or touch too.
> >
> > I saw the formula inside Stocks & Commodities
> magazine. June 2003,
> > Volume 21, Number 6, P.18.
> >
> > So, I have 3 ReversalEngineeringRSI, for each
> zone. 30(low),
> > 50(Mid), and 70(High).
> >
> >
> >
> > And this is my formula version wich I repeat 3
> times the original
> > formula.
> >
> >
> >
> >
> > {Reverse Engineered RSI-High};
> >
> > valuehigh:=Input("RSI Value High",1,100,70);
> > wildperhigh:=Input("Wilder Time Periods
> High",1,100,14);
> > expperhigh:=2*wildperhigh-1;
> >
> > {Average Up Close-High};
> >
>
auchigh:=Mov(If(C>Ref(C,-1),C-Ref(C,-1),0),expperhigh,E);
> >
> > {Average Down Close-High};
> >
>
adchigh:=Mov(If(Ref(C,-1)>C,Ref(C,-1)-C,0),expperhigh,E);
> >
> >
>
xhigh:=(wildperhigh-1)*(adchigh*valuehigh/(100-valuehigh)-auchigh);
> >
>
revengrsihigh:=If(xhigh>=0,C+xhigh,C+xhigh*(100-valuehigh)
> /valuehigh);
> >
> > revengrsihigh;
> >
> >
> >
> >
> > {Reverse Engineered RSI-Mid};
> >
> > valuemid:=Input("RSI Value Mid",1,100,50);
> > wildpermid:=Input("Wilder Time Periods
> Mid",1,100,14);
> > exppermid:=2*wildpermid-1;
> >
> > {Average Up Close-Mid};
> >
>
aucmid:=Mov(If(C>Ref(C,-1),C-Ref(C,-1),0),exppermid,E);
> >
> > {Average Down Close-Mid};
> >
>
adcmid:=Mov(If(Ref(C,-1)>C,Ref(C,-1)-C,0),exppermid,E);
> >
> >
>
xmid:=(wildpermid-1)*(adcmid*valuemid/(100-valuemid)-aucmid);
> >
>
revengrsimid:=If(xmid>=0,C+xmid,C+xmid*(100-valuemid)/valuemid);
> >
> > revengrsimid;
> >
> >
> >
> >
> >
> > {Reverse Engineered RSI-Low};
> >
> > valuelow:=Input("RSI Value Low",1,100,30);
> > wildperlow:=Input("Wilder Time Periods
> Low",1,100,14);
> > expperlow:=2*wildperlow-1;
> >
> > {Average Up Close-Low};
> >
>
auclow:=Mov(If(C>Ref(C,-1),C-Ref(C,-1),0),expperlow,E);
> >
> > {Average Down Close-Low};
> >
>
adclow:=Mov(If(Ref(C,-1)>C,Ref(C,-1)-C,0),expperlow,E);
> >
> >
>
xlow:=(wildperlow-1)*(adclow*valuelow/(100-valuelow)-auclow);
> > If(xlow>=0,C+xlow,C+xlow*(100-valuelow)/valuelow);
> >
> >
> >
> > Scoubidoo.
>
>
>
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