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Perfect pumrysh,
Thanks
Fernando
--- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@xxx> wrote:
>
> Fernando,
>
> Seems we had a discussion similar to this back in March of this year.
> There is a universal indicator that we can use to solve our problem.
> Let's first define our problem though.
>
> The indicator we will use is:
>
> {Up/Down Histogram}
> X:={your indicator here};
> Up:=If(X>0,X,0);
> Dwn:=If(X<0,X,0);
> Up; Dwn;
>
> Notice in the Up/Down that there are two important items that we need
> to deal with if we are going to use the RSI as our indicator.
>
> First, the RSI does not oscillate above and below zero. It simply
> moves from 0 to 100.
>
> Second, we must determine a midpoint. It appears that you have
> already determined that 50 is our midpopint.
>
> We can resolve the problem then in two different ways. One would be
> to maintain the indicator as it is and let it oscillate above and
> below 50. In which case our indicator would be:
>
> {Up/Down Histogram}
> X:=RSI(5){your indicator here};
> Up:=If(X>50,X,0);
> Dwn:=If(X<50,X,0);
> Up; Dwn;
>
> The other solution would be to rescale the RSI so that it oscillates
> above and below 50. We do this by simply subtracting 50 from its
> original value. Then apply the Up/Down indicator. Like this:
>
> {Up/Down Histogram}
> X:=RSI(5)-50{your indicator here};
> Up:=If(X>0,X,0);
> Dwn:=If(X<0,X,0);
> Up; Dwn;
>
>
> Hope this helps,
>
> Preston
>
>
>
>
>
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "Fernando Santos"
> <ptc_man3@> wrote:
> >
> > Hi.
> >
> > I'd like to know if its possible to create an histogram from any
> > indicator.
> >
> > Imagine that we have an indicator measured between 0 and 100. Lets
> take
> > the RSI. Can we put him like and histogram?
> >
> > I tried this:
> >
> > If(RSI(5)>50,RSI(5),50);
> > If(RSI(5)<50,RSI(5),50)
> >
> > but naturally that this didn't work.
> >
> > Any thoughts?
> >
> > Regards
> > Fernando
> >
>
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