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Kevin,
What you are asking is a matter of both price
and time. Therefore, its really is not possible to project both
time and price in an indicator. Yes, the upper and lower levels
of a trigger can be calculated one day in
advance.
There was something written about Reverse
Engineering the RSI, and the formulae are also available in various
places.
Personally, I have tried using this method, and
found that it does not in any way enhance my trading.
I still feel the trailing stop loss method to be
the best to lock in profits, and the fibonacci extensions to "project" price
targets.
My very humble opinion.
DusantChief Architect<A
href="">www.candlestrength.com
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=kevin_barry@xxxxxxxxxxxxxx
href="">Kevin
To: <A
title=Metastockusers@xxxxxxxxxxxxxxx
href="">Metastockusers@xxxxxxxxxxxxxxx
Sent: Wednesday, February 18, 2004 21:23
PM
Subject: [Metastockusers] Projecting An
Indicator Value Ahead
Hello,Signals are
given when a certain event occurs, e.g. two moving averages cross over
and/or the RSI crosses below, say, 70.Has anybody looked a way of
formulating ahead of time the price that an equity has to hit in order to
trigger a particular signal? For example, let's say that on a certain day
the price of a stock is 75, the value of the 20MA is 80 and the value of
the 50MA is 85. What will the price of the stock be if and when the 20MA
crosses above the 50MA? How many days ahead would one be able to calculate
it?So, let's say that you would initiate a long trade when, say, the
20MA crosses above the 50MA as long as the RSI(14) is greater than 50.
Rather than wait until one notices that this combination of events has
occurred, could one instead place a limit buy order in the market ahead of
time, at a specific price, confident that if the order is executed, the MA
and RSI signals have actually been triggered? If so, how far
ahead?Any comments?Regards,Kevin
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