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Strategies & Market Trends : TA- Advanced GET
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To: Ross who wrote (927)3/23/1998 8:18:00 PM
From: Bruce A. Bowman  Read Replies (1) of 1551
 
Hi Ross- I use Wilder's default, but with my interpretation of what he's trying to do. I set RSI(10) on the basis that he's interested in the half-lunar cycle of 28/2 = 14 days. Since we don't chart anything on a calendar basis (we leave out weekends and holidays), it's easy to forget that he (like Gann) uses calendar time. So to replicate his work you need to compensate for 5-bars per week which is 5/7*28/2 = 10 bars. That gives a more lively presentation of RSI and makes retracement easier to read.

Bruce

ps- I don't use the 20/80 reference lines at all. I just read the chart using RSI as a surrogate for price. Divergence between price and RSI is a very powerful indicator.
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