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Big,
The midband is an exclusive just for the members here. :-)
It will help you to find some excellent entry points.
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, "Big Papa"
<denver69692002@xxx> wrote:
>
> Thanks, missed the part about putting it onto the price plot.
>
> I haven't heard of using the mid point of a band yet.
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@> wrote:
> >
> > Big,
> >
> > On Jan.12th in message #28493 this was the indicator that I
posted
> > complete with its instructions:
> >
> > {TASC APR 2008 METASTOCK: RSI BANDS
> > François Bertrand's article, "RSI Bands," describes the
calculation
> > and use of these bands. The MetaStock formulas and instructions
for
> > adding it to MetaStock are as follows:
> > 1. In the Tools menu, select Indicator Builder.
> > 2. Click New to open the Indicator Editor for a new indicator.
> > 3. Type the name of the formula: "RSI Bands"
> > 4. Click in the larger window and type in the following formula.
> > 5. Place indicator on price plot:}
> >
> > topv:=Input("overbought level",1,100,70);
> > botv:=Input("oversold level",1,100,30);
> > tp:=Input("RSI Time Periods",1,100,14);
> > change:= ROC(C,1,$);
> > Z:=Wilders(If(change>0,change,0),tp);
> > Y:=Wilders(If(change<0,Abs(change),0),tp);
> > tx:=(tp-1)*(Y*topv/(100-topv)-Z);
> > bx:=(tp-1)*(Y*botv/(100-botv)-Z);
> > tband:=If(tx>0,C+tx,C+tx*(100-topv)/topv);
> > bband:=If(bx>0,C+bx,C+bx*(100-botv)/botv);
> > tband; bband; (tband+bband)/2; {end}
> >
> > Notice that I included a midband which is (tband+bband)/2.
> > Also notice that the bands are to be placed on a price plot.
> >
> > The StochRSI is an indicator that should be in its own window.
> >
> > Unless you rewrite the RSI Bands formula to become a StochRSI
> Bands
> > Formula, the StochRSI would never cross the RSI Bands.
> >
> > Another option is to simply use both formulas as written. You
> would
> > therefore look for the close to be either above or below the
> midband
> > and have the stochrsi generate either a buy or sell signal.
> >
> > BTW, the last parenthesis in your StochRSI is not needed.
> >
> > Hope this helps,
> >
> > Preston
> >
> >
> >
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx, "Big Papa"
> > <denver69692002@> wrote:
> > >
> > >
> > > I have coded the StochRSI as an Indicator:
> > > (Sum(RSI(10)-LLV(RSI(10),10),3)/Sum(HHV(RSI(10),10)-LLV(RSI
> > > (10),10),3))*100)
> > >
> > > I have also coded the RSI Bands from TASC as an Indicator:
> > >
> > > topv:=Input("overbought level",1,100,90);
> > > botv:=Input("oversold level",1,100,10);
> > > tp:=Input("RSI Time Periods",1,100,14);
> > > change:=ROC(C,1,$);
> > > Z:=Wilders(If(change>0,change,0),tp);
> > > Y:=Wilders(If(change<0,Abs(change),0),tp);
> > > tx:=(tp-1)*(Y*topv/(100-topv)-Z);
> > > bx:=(tp-1)*(Y*botv/(100-botv)-Z);
> > > tband:=If(tx>0,C+tx,C+tx*(100-topv)/topv);
> > > bband:=If(bx>0,C+bx,C+bx*(100-botv)/botv);
> > > tband;
> > > bband
> > >
> > > Now, if I want to create a buy signal when the StochRSI crosses
> > > below the bottom band of the RSI band, how do I code that?
> > > Cross(StochRSI formula),(The RSI Band formula?)??
> > > The expert advisor doesn't like using the RSI Band formula as a
> buy
> > > point on its own.
> > >
> > > Please help, so close, yet so far. I was able to figure out the
> > code
> > > when you do an entry based on the StochRSI and a number, then
> exit
> > > out when the close of the stock price penetrated a SEB, but
> trying
> > > to code in the exit when the StoRSI penetrates the RSI bands is
> a
> > > little trickier.
> > >
> > > Thanks,
> > > Big
> > >
> >
>
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