Check the archives and library for code written by Dimitris T(???) for
predicting the needed value of ROC or MACD (don't remember which or maybe both)
for the next day buy/sell signal.
----- Original Message -----
From: cvanhaesendonck
To: [email protected]
Sent: February 24, 2010 12:58 PM
Subject: [amibroker] Next bar condition
Using the RSI coded as basis, I tried to create an indicator that would plot
on the price chart a pricevalue-for-next-bar that would cause the RSI(n) to
equal 70. So I would know one day in advance at which price (in this case,
closing price) I could consider my position as being overbought.
My algebric knowledge seems insufficient to pull out the right AFL code from
the below RSI function (provided by Tomasz in the past and which gives
identical result to the built in RSI:
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;
}
Plot( BuiltInRSIEquivalent( 14 ), "RSI 1", colorRed );
Plot( RSI( 14 ), "RSI 2", colorBlue );
Any help appreciated - this indicator would allow one to exit MOC by adding a
condition to your order: exit at close if price > x.
Carl
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