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RE: [EquisMetaStock Group] Re: Re-Thinking The Basics


  • Date: Wed, 3 Mar 2010 16:00:51 -0600
  • From: "Lionel Issen" <lissen@xxxxxxxxxxxxx>
  • Subject: RE: [EquisMetaStock Group] Re: Re-Thinking The Basics

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Thanks. I’ll follow up on  this.

Lionel

 

From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx] On Behalf Of pumrysh
Sent: Wednesday, March 03, 2010 2:41 PM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: [EquisMetaStock Group] Re: Re-Thinking The Basics

 

 

Lionel,

I did a Yahoo search and found the search to be minimal. Remember that Microsoft just bought Yahoo and is trying to get everyone to use Bing.

A google search on the other hand yielded a gaggle of results.

The book is available at Trader's Press but others may have it at a lower price. Here's the link:

Traders Press
http://www.traderspress.com/detail.php?PKey=586

Also found this site and see that he is a big RSI fan. Not sure if I agree with his assessment but there are some aspects of his work that are very good.

Another view from Paul Dean:
http://www.youlearnforex.com/free/RSI,%20a%20New%20Look.pdf

Preston

--- In equismetastock@xxxxxxxxxxxxxxx, "Lionel Issen" <lissen@xxx> wrote:
>
> I can't find a pertinent listing for Walter Baeyans. Can you post the full
> reference for his book, isbn #, full title and publisher?
>
>
>
> Lionel
>
>
>
> From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx]
> On Behalf Of pumrysh
> Sent: Wednesday, March 03, 2010 12:02 AM
> To: equismetastock@xxxxxxxxxxxxxxx
> Subject: [EquisMetaStock Group] Re: Re-Thinking The Basics
>
>
>
>
>
> Kev,
>
> You are on the right track but the scaling on the RSI is not always
> constant. Walter Baeyans in his book titled RSI...Logic, Signals & Time
> Frame Correlation discusses this. Basically the RSI does not always move in
> a directly proportional manner. Page 22 of his book explains this. There is
> only one neutral point which is 50.
>
> Preston
>
> --- In equismetastock@xxxxxxxxxxxxxxx
> <mailto:equismetastock%40yahoogroups.com> , "formulaprimer"
> <formulaprimer@> wrote:
> >
> > The way the RSI is calculated leads to the rethinking of the indicator
> itself that what the original designer intended it for.
> > It is a momentum indicator but actually with the way it is constructed it
> is a TREND Indicator like ADX... Here is why
> >
> > RSI = 100 - [100/(1+(U/D))]
> >
> > Where:
> >
> > U = An average of upward price change.
> > D = An average of downward price change.
> >
> > This means that 66.67 horizontal line and 33.33 horizontal lines are
> percentage indicators... If in a bull market 66.67 should be touched at
> least once and in a down bear trend 33.33 should be touched at least once.
> This is the reason why the default setting of 14 days is statistically
> relevant by the creator Wilder. Too sum it up in a bull market once the
> 66.67 level has been touched by the RSI it is statically a bull market until
> the 33.33 level is touched to signal a bear market... See if this analysis
> is correct?
> >
>



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