I would probably try something like this.... Calc = RSI( 14 ); // i.e., whatever formula you are using to define your RSI Goal = 30; // i.e., the RSI value where you want to set your stop
Steve ----- Original Message ----- From: "droskill" <[EMAIL PROTECTED]> To: <[email protected]> Sent: Tuesday, June 10, 2008 2:08 PM Subject: [amibroker] Re: RSI - calculating an exit > Great stuff - just a clarification - so if I'm doing an RSI > calculation, I would put in the formula for RSI (100-100/RS+1 or > something like that), and NOT use RSI (the default indicator)? > > --- In [email protected], "Steve Dugas" <[EMAIL PROTECTED]> wrote: >> >> That sounds like a job for Fred's "Price Predictor" code ( thanks > Fred! ). I >> have attached it below, you will probably just need to plug your own > values >> into the Calc and Goal statements. >> >> Steve >> _________________________________ >> >> You supply: >> >> - The array in the first statement ( Assumedly Price ) >> - The Indicator in the Calc = statement >> - The Goal in the Goal = statement >> >> ... It will return in Explore the value needed in the array in the >> next bar to have the indicator meet the goal in the next bar. >> >> This is set up for use with a typical MACD but can be easily modified >> for use with any indicator you can design. >> >> P0 = Close; >> >> Acc = 0.00001; >> >> LVBI = LastValue(BarIndex()); >> Mult = 1; >> >> for (i = 0; i < 10; i++) >> { >> If (P0[LVBI] >= 1) >> i = 99; >> else >> { >> P0 = P0 * 10; >> Mult = Mult * 10; >> } >> } >> >> P1 = Ref(P0, 1); >> UpDn = 100 * P1[LVBI]; >> >> for (i = 0; i < 200; i++) >> { >> Calc = EMA(P1,12)-EMA(P1,26); >> Goal = EMA(EMA(P1,12)-EMA(P1,26),9); >> >> if (Calc[LVBI] < Goal[LVBI]) >> P1[LVBI] = P1[LVBI] + UpDn; >> else >> P1[LVBI] = P1[LVBI] - UpDn; >> UpDn = UpDn / 2; >> if (UpDn <= Acc) >> { >> j = i; >> i = 99999; >> } >> } >> >> Accuracy = 100 * (abs(Goal[LVBI] - Calc[LVBI]) / Goal[LVBI]); >> >> Filter = BarIndex() == LVBI; >> >> AddColumn(Mult, "Multiplier", 1.0); >> AddColumn(Calc[LVBI - 1] / Mult, "Curr Ind Val", 1.9); >> AddColumn(Goal / Mult, "Goal Ind Val", 1.9); >> AddColumn(Calc / Mult, "Calc Ind Val", 1.9); >> AddColumn(j, "Iterations", 1.0); >> AddColumn(Accuracy, "Accuray (%)", 1.9); >> AddColumn(Ref(P1, -1) / Mult, "Current Array", 1.9); >> AddColumn(P1 / Mult, "Needed Array", 1.9); >> >> >> ----- Original Message ----- >> From: "droskill" <[EMAIL PROTECTED]> >> To: <[email protected]> >> Sent: Tuesday, June 10, 2008 1:22 PM >> Subject: [amibroker] RSI - calculating an exit >> >> >> > Let's say that I've got a defined RSI level for an exit - and I'd like >> > to calculate a target based on that so I can have a stop order in the >> > market at a specific target. Is there anyway for me to calculate what >> > the price would be on a given RSI level? >> > >> > Thanks! >> > >> > >> > ------------------------------------ >> > >> > Please note that this group is for discussion between users only. >> > >> > To get support from AmiBroker please send an e-mail directly to >> > SUPPORT {at} amibroker.com >> > >> > For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG: >> > http://www.amibroker.com/devlog/ >> > >> > For other support material please check also: >> > http://www.amibroker.com/support.html >> > Yahoo! Groups Links >> > >> > >> > >> > >> > > > > ------------------------------------ > > Please note that this group is for discussion between users only. > > To get support from AmiBroker please send an e-mail directly to > SUPPORT {at} amibroker.com > > For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG: > http://www.amibroker.com/devlog/ > > For other support material please check also: > http://www.amibroker.com/support.html > Yahoo! Groups Links > > > >
