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Not knowing which was which I have always used
an RSI of the STO and have made both of them the
same length. I modified the RSI computation so
that the range was -100 to +100.
I then build an indicator/function in which over a
given number of bars I counted the number of bars
that the RSISTO was above and below zero. This
summation was divided by the number for the number
of bars that were counted.
The attached .gif file shows the raw RSISTO in
green and the count in red.
The trade points shown on the OEX are taken from
the 5/10 bar count waiting until the count has been
full for a certain number of bars.
I disagree with whoever said this concept cannot be
used to make money ! ! ! !
Clyde Lee
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