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Re: [Metastockusers] Finding threshold value for an indicator



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For version 8, it's  :  
RSI(C,14) > 70

Sorry,

Pierre

anthony chia a écrit:

> Pierre,
>  
> More than 1 month late, but what version of metastock are u using?
>
> Anthony Chia
>
> Pierre Tremblay <pt2000@xxxxxxxxxxxxxxxx> wrote:
>
>     Daniele,
>
>     You can use the System Tester to find that :
>
>     In BUY ORDER :
>
>     RSI(14)>70
>
>
>     You use an Inactivity STOP :
>     Inactivity minimum change :  Positions : LONG
>     METHOD : POINTS
>     Parameters :  Minimum change : 999
>     Periods :   0
>
>     In the simulation, at SYSTEM TESTING OPTIONS, you click on MORE
>     and on
>     the TRADE EXECUTION FOLDER, you uncheck REALISTIC MARKET PRICES and
>     enter DELAY BARS OPENING : 0.
>
>     You complete the simulation and the number of trades is the number of
>     days where RSI(14) > 70.
>
>     Pierre
>
>
>
>     Daniele Bevilacqua a écrit:
>
>     > Hi,
>     > 
>     > in order to decide which threshold to use to validate an
>     indicator, so
>     > far I have been eyeballing them on charts of a lengthy period of
>     time
>     > and drawn very empirical (to say the least) conclusions. I am
>     > wondering if there is a better way to do this - there must be, I
>     assume...
>     > 
>     > What I would like to do, is find the percentage of time that the
>     > indicator in question has been above (or below) a certain value
>     for a
>     > specific security, eg since Jan 00 the RSI of YYY, Inc. has been
>     above
>     > 70 only 3.5% of the time.
>     > 
>     > Even better, what is the value below which fall 95% (or 90%
>     etc.) of
>     > the observations of the indicator in the time frame specified.
>     > 
>     > Any suggestions?
>     > 
>     > many thanks in advance
>     > 
>     > Daniele
>     >
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