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I have only been half following this thread so please excuse my entry at
this late time
and any misconceptions I might have. But, if I wanted the RSI of a spread I
would:
1) add first spread item as data1
2) add second spread item as data2
3) Add rsi indicator.
4) Format RSI indicator and under inputs:Price put the following: Close of
data1-Close of data2
Am I missing something ?
Thanks
Jerry
> -----Original Message-----
> From: Tanoto Sau Ian [mailto:sitanoto@xxxxxxxxxxxxxx]
> Sent: Friday, February 01, 2002 10:34 AM
> To: Jim Johnson
> Cc: omega-list@xxxxxxxxxx
> Subject: Re: Applying stat. indicators to spreads
>
>
> tks for the replies, I really appreciate that.
>
> As for the changes, do I applly them in the "indicator" or
> "function" files?
>
> I have tried to be as "hardworking as possible", but hard as
> I had tried, I
> still could not get them right. Thus, I hope my esteemed
> friends here would
> be kind enough to point me in the right direction.
>
> I have included the codes for RSI's indicator and function
> files. Would u be
> kind enough to show me the amendments to these files so that
> RSI can be
> applied to spread prices? I hope I am not giving u the
> impression that I am
> not willing to think. I have tried very hard, but still my best is not
> enough to get them to work. Please just show me one example
> so that I may
> learn from it. tks a million.
>
> tsi
>
> Function
>
> Inputs: Price(NumericSeries), Length(NumericSimple);
> Variables: Counter(0), DownAmt(0), UpAmt(0), UpSum(0),
> DownSum(0), UpAvg(0),
> DownAvg(0);
>
> If CurrentBar = 1 AND Length > 0 Then Begin
> UpSum = 0;
> DownSum = 0;
> For Counter = 0 To Length - 1 Begin
> UpAmt = Price[Counter] - Price[Counter+1];
> If UpAmt >= 0 Then
> DownAmt = 0
> Else Begin
> DownAmt = -UpAmt;
> UpAmt = 0;
> End;
> UpSum = UpSum + UpAmt;
> DownSum = DownSum + DownAmt;
> End;
> UpAvg = UpSum / Length;
> DownAvg = DownSum / Length;
> End
> Else
> If CurrentBar > 1 AND Length > 0 Then Begin
> UpAmt = Price[0] - Price[1];
> If UpAmt >= 0 Then
> DownAmt = 0
> Else Begin
> DownAmt = -UpAmt;
> UpAmt = 0;
> End;
> UpAvg = (UpAvg[1] * (Length - 1) + UpAmt) / Length;
> DownAvg = (DownAvg[1] * (Length - 1) + DownAmt) / Length;
> End;
>
> If UpAvg + DownAvg <> 0 Then
> RSI = 100 * UpAvg / (UpAvg + DownAvg)
> Else
> RSI = 0;
>
>
>
> Indicator
>
> Inputs: NumericStream(Close), Length(14), BuyZone(30), SellZone(70),
> BZColor(Green), SZColor(Magenta);
>
> Plot1(RSI(NumericStream, Length), "RSI");
> Plot2(BuyZone, "BuyZone");
> Plot3(SellZone, "SellZone");
>
> If Plot1 > SellZone then Begin
> Alert("The RSI is in overbought territory");
> SetPlotColor(1, SZColor);
> End
> Else
> If Plot1 < BuyZone then Begin
> Alert("The RSI is in oversold territory");
> SetPlotColor(1, BZColor);
> End;
>
> {RSI Expert Commentary }
> #BeginCmtry
> Commentary(ExpertRSI(Plot1, Plot2, Plot3));
> #End;
>
> ----- Original Message -----
> From: "Jim Johnson" <jejohn@xxxxxxxxxxxxxxxx>
> To: "Tanoto Sau Ian" <sitanoto@xxxxxxxxxxxxxx>
> Cc: <omega-list@xxxxxxxxxx>
> Sent: Friday, February 01, 2002 11:02
> Subject: Re: Applying stat. indicators to spreads
>
>
> > Hello Tanoto,
> >
> > for any indicator where Price is an input (often you;ll see
> > Price(close) ) you would substitute Price(Close of Data1 - Close of
> > Data2). Obviously the minus could be "divide by" depending the kind
> > of spread you want.
> >
> > Thursday, January 31, 2002, 5:26:47 PM, you wrote:
> >
> > TSI> Hi,
> >
> > TSI> I am trying to apply stat. indicators like RSI,
> momentum, etc to
> spread =
> > TSI> charts of spreads. However, that is not possible as I
> can only choose
> =
> > TSI> either data1 or data2, which are components of the
> spread, instead of
> =
> > TSI> the spread itself.
> >
> > TSI> Do i have to rewrite all these indicators to work with
> spreads or are
> =
> > TSI> they just impossible to do so?
> >
> > TSI> Tks, for all the help u guys are giving here.
> >
> > TSI> tsi
> >
> >
> >
> > --
> > Best regards,
> > Jim mailto:jejohn@xxxxxxxxxxxxxxxx
>
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