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>>I need to build an oscillator whose properties ...<<
Try this:
value1 = (RSI(H,len) + RSI(L,len)) /2;
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Better still, replace RSI with RSX:
value2 = (JRC.RSX(H,len) + JRC.RSX(L,len)) /2;
See how it compares to DeMark's REI indicator at
http://www.jurikres.com/catalog/ms_rsx.htm#top
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Regards,
Mark Jurik
Jurik Research
http://www.jurikres.com
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From: mark.keenan@xxxxxxxxxxxxxx
Sent: Thursday, November 29, 2001 7:31 AM
To: omega-list@xxxxxxxxxx
Subject: How can I code for this indicator???
I need to build an oscillator whose properties are as follows:
Value must be normalised between 0 and 100 (just like RSI etc etc)
Calculates the following -
Overbought areas are a function of higher highs and lows.
Oversold areas are a function of lower highs and lows.
The open or close are NOT used in the calculation.
Need to apply it to tick charts so open and close are obviously
meaningless.
Really need some help.
Mark Keenan
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