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Thanks, missed the part about putting it onto the price plot.
I haven't heard of using the mid point of a band yet.
--- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@xxx> wrote:
>
> Big,
>
> On Jan.12th in message #28493 this was the indicator that I posted
> complete with its instructions:
>
> {TASC APR 2008 METASTOCK: RSI BANDS
> François Bertrand's article, "RSI Bands," describes the calculation
> and use of these bands. The MetaStock formulas and instructions for
> adding it to MetaStock are as follows:
> 1. In the Tools menu, select Indicator Builder.
> 2. Click New to open the Indicator Editor for a new indicator.
> 3. Type the name of the formula: "RSI Bands"
> 4. Click in the larger window and type in the following formula.
> 5. Place indicator on price plot:}
>
> topv:=Input("overbought level",1,100,70);
> botv:=Input("oversold level",1,100,30);
> tp:=Input("RSI Time Periods",1,100,14);
> change:= ROC(C,1,$);
> Z:=Wilders(If(change>0,change,0),tp);
> Y:=Wilders(If(change<0,Abs(change),0),tp);
> tx:=(tp-1)*(Y*topv/(100-topv)-Z);
> bx:=(tp-1)*(Y*botv/(100-botv)-Z);
> tband:=If(tx>0,C+tx,C+tx*(100-topv)/topv);
> bband:=If(bx>0,C+bx,C+bx*(100-botv)/botv);
> tband; bband; (tband+bband)/2; {end}
>
> Notice that I included a midband which is (tband+bband)/2.
> Also notice that the bands are to be placed on a price plot.
>
> The StochRSI is an indicator that should be in its own window.
>
> Unless you rewrite the RSI Bands formula to become a StochRSI
Bands
> Formula, the StochRSI would never cross the RSI Bands.
>
> Another option is to simply use both formulas as written. You
would
> therefore look for the close to be either above or below the
midband
> and have the stochrsi generate either a buy or sell signal.
>
> BTW, the last parenthesis in your StochRSI is not needed.
>
> Hope this helps,
>
> Preston
>
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "Big Papa"
> <denver69692002@> wrote:
> >
> >
> > I have coded the StochRSI as an Indicator:
> > (Sum(RSI(10)-LLV(RSI(10),10),3)/Sum(HHV(RSI(10),10)-LLV(RSI
> > (10),10),3))*100)
> >
> > I have also coded the RSI Bands from TASC as an Indicator:
> >
> > topv:=Input("overbought level",1,100,90);
> > botv:=Input("oversold level",1,100,10);
> > tp:=Input("RSI Time Periods",1,100,14);
> > change:=ROC(C,1,$);
> > Z:=Wilders(If(change>0,change,0),tp);
> > Y:=Wilders(If(change<0,Abs(change),0),tp);
> > tx:=(tp-1)*(Y*topv/(100-topv)-Z);
> > bx:=(tp-1)*(Y*botv/(100-botv)-Z);
> > tband:=If(tx>0,C+tx,C+tx*(100-topv)/topv);
> > bband:=If(bx>0,C+bx,C+bx*(100-botv)/botv);
> > tband;
> > bband
> >
> > Now, if I want to create a buy signal when the StochRSI crosses
> > below the bottom band of the RSI band, how do I code that?
> > Cross(StochRSI formula),(The RSI Band formula?)??
> > The expert advisor doesn't like using the RSI Band formula as a
buy
> > point on its own.
> >
> > Please help, so close, yet so far. I was able to figure out the
> code
> > when you do an entry based on the StochRSI and a number, then
exit
> > out when the close of the stock price penetrated a SEB, but
trying
> > to code in the exit when the StoRSI penetrates the RSI bands is
a
> > little trickier.
> >
> > Thanks,
> > Big
> >
>
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