Does anyone know how to calculate a closing price based on an RSI value? I am trying to figure out what the closing price has to be tomorrow for the RSI value to be above 70. I have tried working with the formula but can't figure out how to modify it to accept the hard coded RSI of 70 and give me tomorrows closing price.
Below is a verion of RSI from Tomasz in thread: http://finance.groups.yahoo.com/group/amibroker/messages/113398? threaded=1&m=e&var=1&tidx=1 Can anybody help me figure out how to modify this to give me the close price (that would result in an RSI value over 70)? thanks, Jason > function BuiltInRSIEquivalent( period ) > { > P = N = 0; > > result = Null; > > for( i = 1; i < BarCount; i++ ) > { > diff = C[ i ] - C[ i - 1 ]; > W = S = 0; > if( diff > 0 ) W = diff; > if( diff < 0 ) S = -diff; > > P = ( ( period -1 ) * P + W ) / period; > N = ( ( period -1 ) * N + S ) / period; > > if( i >= period ) > result[ i ] = 100 * P / ( P + N ); > } > return result; > }
