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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: bdog who wrote (27767)3/27/1999 4:26:00 AM
From: Warthog  Read Replies (1) | Respond to of 79183
 
bdog,
I have been xperimenting with an RSI based upon the number of days
in the RSI calculation period. According to "Trading Systems and
Methods" by Kaufman (page 135), more days will smooth out the curve. My first cut was the 5 period RSI. The Metastock code I generated is:

use formula builder and call xRSI

span:=Input("RSI span",1,5,2);
term1:=CLOSE - Ref(CLOSE,-span);
term2:=Ref(CLOSE,-span) - Ref(CLOSE,-2*span);
term3:=Ref(CLOSE,-2*span)- Ref(CLOSE,-3*span);
term4:=Ref(CLOSE,-3*span)- Ref(CLOSE,-4*span);
term5:=Ref(CLOSE,-4*span)- Ref(CLOSE,-5*span);
p1up:=If(term1>0,term1,0);
p2up:=If(term2>0,term2,0);
p3up:=If(term3>0,term3,0);
p4up:=If(term4>0,term4,0);
p5up:=If(term5>0,term5,0);
p1dn:=If(term1<=0,-term1,0);
p2dn:=If(term2<=0,-term2,0);
p3dn:=If(term3<=0,-term3,0);
p4dn:=If(term4<=0,-term4,0);
p5dn:=If(term5<=0,-term5,0);
sumup:=p1up+p2up+p3up+p4up+p5up;
sumdown:=p1dn+p2dn+p3dn+p4dn+p5dn;
den:=If(sumdown>0,sumdown,.0001);

xrsi:=100-(100/(1+(sumup/den)));
xrsi

At first glance it appears to closely resemble the built in
RSI for a one day span and a week.

now to find out what clues it can give.
wart



To: bdog who wrote (27767)3/27/1999 4:52:00 AM
From: RWS  Read Replies (2) | Respond to of 79183
 
CEF is a Canadian fund that owns gold and silver bullion stored in a bank vault. The price usually closely follows expectations of gold price.

RWS

edit: damn what time is it.



To: bdog who wrote (27767)4/3/1999 4:17:00 PM
From: Doug R  Read Replies (1) | Respond to of 79183
 
Bdog,

Now on to last weekend's hit list.
JMAR continued through its hyperaccumulation flag and jumped pretty well so far. There may be a bit of a shakeout on the way. "May" also implies "may not" (for the inattentive who need clarification of the obvious entirely spelled out for them).
I'm in CLNTF for the hyperaccumulation flag there.
PETD is solidifying its up trend but appears to need a better anchor (slightly lower than the 3/31 low) on which to set the first acceleration away from the initial. Indications are for the upward bias to continue.
POG kicked very nicely and doesn't show any sign of giving anything back. There's a hint of hyperaccumulation on it since Monday's move.
TBD should still be strongly considered as well.

Doug R