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So, in Automatic Analysis paste the
/*Modified RSI variable buy-sell levels*/
X1=Optimize("X1",10,10,20,1);
Dbuy=Optimize("Dbuy",10,0,20,1);
Dsell=Optimize("Dsell",10,0,20,1);
s1=MA(RSI(X1),3);
AVRSI=MA(s1,50);
Buy = Cross( s1,AVRSI-DBuy);
Sell = Cross( AVRSI+Dsell,s1);
Optimize a current stock for All quotations.
In indicator Builder, paste the following formula,
replacing X1, Dbuy, Dsell with the results of optimization.
/*Modified RSI variable buy-sell levels Graph*/
X1=20;
Dbuy=3;
Dsell=11;
MaxGraph=12;
s1=MA(RSI(X1),3);
Graph0=s1;
AVRSI=MA(s1,50);
Graph9=AVRSI-Dbuy;
Graph10=AVRSI+Dsell;
Graph8=AVRSI;
Graph8Style=8;
Graph8BarColor=2;
Graph9Style=Graph10Style=8;
Graph9BarColor=Graph10BarColor=1;
Try it. For some stocks it is nice.
Dimitris Tsokakis
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<DIV><FONT face=Arial size=2>RSI is a very popular indicator and in anybook or
internet T/A site</FONT></DIV>
<DIV><FONT face=Arial size=2>you will read the traditional [30,70] buy-sell
system.</FONT></DIV>
<DIV><FONT face=Arial size=2>The result is that very few stocks fall below 30 or
exceed 70. Buyers </FONT></DIV>
<DIV><FONT face=Arial size=2>try to buy when RSI drops from 35 to 30 and sellers
try to sell before</FONT></DIV>
<DIV><FONT face=Arial size=2>70. If you see ^NDX graph the last two years, RSI
was not out of the [30,70] </FONT></DIV>
<DIV><FONT face=Arial size=2>zone, except the last September irregular
period.</FONT></DIV>
<DIV><FONT face=Arial size=2>I tried to build up a system with RSI ans I applied
the moving buy-sell level</FONT></DIV>
<DIV><FONT face=Arial size=2>method, already exposed in <FONT
color=#ff00ff><STRONG>#</STRONG></FONT></FONT><FONT
color=#ff00ff><STRONG> </STRONG></FONT><FONT face=Arial size=2><FONT
color=#ff00ff><STRONG>5161 </STRONG></FONT>message.</FONT></DIV>
<DIV><FONT face=Arial size=2>RSI was a little noisy, especially around the
medium levels, so I smoothed it</FONT></DIV>
<DIV><FONT face=Arial size=2>by a 3-day average. Through optimization Isearch
the best combination for</FONT></DIV>
<DIV><FONT face=Arial size=2>days X1, Dbuy and Dsell around the averagevalue of
RSI.</FONT></DIV>
<DIV><FONT face=Arial size=2>(I found better results using AVRSI=ma(RSI,50)
instead of ma100 used in</FONT></DIV>
<DIV><FONT face=Arial size=2>stochastic. I have not optimized average days
yet).</FONT></DIV>
<DIV><FONT face=Arial size=2>Some interesting results:</FONT></DIV>
<DIV><FONT face=Arial size=2>a] At least I found a way to use RSI.
</FONT></DIV>
<DIV><FONT face=Arial size=2>b] In many examples I had 5 trades, 5winners,
0 losers or 7 trades, 6 winners,</FONT></DIV>
<DIV><FONT face=Arial size=2>1 looser</FONT></DIV>
<DIV><FONT face=Arial size=2>c] Comparison with traditional [30,70] system is
out of topic for many stocks</FONT></DIV>
<DIV><FONT face=Arial size=2>which do not trade anymore out of [30,70]
band</FONT> </DIV>
<DIV><FONT face=Arial size=2>d] Days in the market are reduced to reasonable
time intervals.</FONT></DIV>
<DIV><FONT face=Arial size=2>e] Delays are insignificant.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>So, in Automatic Analysis paste the</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>/*Modified RSI variable buy-sell
levels*/</FONT></DIV>
<DIV><FONT face=Arial
size=2>X1=Optimize("X1",10,10,20,1);<BR>Dbuy=Optimize("Dbuy",10,0,20,1);<BR>Dsell=Optimize("Dsell",10,0,20,1);<BR>s1=MA(RSI(X1),3);<BR>AVRSI=MA(s1,50);<BR>Buy
= Cross( s1,AVRSI-DBuy);<BR>Sell = Cross( AVRSI+Dsell,s1);</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2><FONT color=#ff00ff><STRONG>Optimize
</STRONG></FONT>a <FONT color=#ff00ff><STRONG>current stock </STRONG></FONT>for
<FONT color=#ff00ff><STRONG>All quotations</STRONG></FONT>.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>In indicator Builder, paste the following formula,
</FONT></DIV>
<DIV><FONT face=Arial size=2>replacing X1, Dbuy, Dsell with the resultsof
optimization.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>/*Modified RSI variable buy-sell levels
Graph*/</FONT></DIV>
<DIV><FONT face=Arial
size=2>X1=20;<BR>Dbuy=3;<BR>Dsell=11;<BR>MaxGraph=12;<BR>s1=MA(RSI(X1),3);<BR>Graph0=s1;<BR>AVRSI=MA(s1,50);<BR>Graph9=AVRSI-Dbuy;<BR>Graph10=AVRSI+Dsell;<BR>Graph8=AVRSI;<BR>Graph8Style=8;<BR>Graph8BarColor=2;<BR>Graph9Style=Graph10Style=8;<BR>Graph9BarColor=Graph10BarColor=1;</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Try it. For some stocks it is nice.</FONT></DIV>
<DIV><FONT face=Arial size=2>Dimitris Tsokakis</FONT></DIV></BODY></HTML>
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