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Modified RSI



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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>&nbsp;</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&nbsp;I found a way to use RSI. 
</FONT></DIV>
<DIV><FONT face=Arial size=2>b] In many examples&nbsp;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&nbsp;many stocks</FONT></DIV>
<DIV><FONT face=Arial size=2>which do not trade anymore out of [30,70] 
band</FONT>&nbsp;</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>&nbsp;</DIV>
<DIV><FONT face=Arial size=2>So, in Automatic Analysis paste the</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT>&nbsp;</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>&nbsp;</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>&nbsp;</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>&nbsp;</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>&nbsp;</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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