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Hello Dusant,
Thanks for your comments. You may well be right.
Thanks too for your regular and interesting postings. And speaking of
Fibonacci, I have written an exploration that detects stocks whose price
has hit a fib level. It's not rocket science but it did involve a lot of
typing! If you're at all interested, let me know and I'll post it.
Regards,
Kevin
At 22:21 18/02/2004 +0530, you wrote:
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.
Dusant
Chief Architect
www.candlestrength.com
----- Original Message -----
From: Kevin
To:
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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