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Hi David,
I have already posted some preliminary mails to this target.
I had the same discussion with P yesterday.
But, I am still working on this and there are many things to test.
So, give me some time please and you will see the result.
You do not need AFL script to work with intervals inside or outside a
band.
I will revert.
DT
--- In amibroker@xxxx, "David Regan" <David.Regan@xxxx> wrote:
> A.Farley in his book "Master swing trader" suggests setting levels
for RSI
> according to where price spends 5% of its time. I.e. work out for a
suitable
> period, say 90 days, the level where 5% of the days the price is
above the
> level and 95% of the days the price is below the level. Do the same
for a
> bottom level. These two levels replace the traditional 70/30%
levels.
>
> I experimented with writing a indicator in AFL for this but had to
resort to
> Javascript to work out the 5% levels and wasn't sure I got it right.
>
> David Regan
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