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 billsingh #1 Posted : Saturday, January 20, 2007 5:33:27 PM(UTC) Rank: MemberGroups: Registered, Registered UsersJoined: 1/21/2007(UTC)Posts: 21 I want to scan the stock based on 2 days RSI (not 14 days) if the RSI is below 10 also if RSI above 90. What will be the formula ?? Thanks in advance Bill
 wblam #2 Posted : Sunday, January 21, 2007 4:44:18 AM(UTC) Rank: Advanced MemberGroups: Registered, Registered UsersJoined: 11/25/2006(UTC)Posts: 79 The formula should be: (RSI(C,2)<10) OR (RSI(C,2)>90). But in explorer, RSI for 2 or 3 days alway get error. It seem that in the smallest no. of days to be used must be 4.
 billsingh #3 Posted : Sunday, January 21, 2007 10:29:45 AM(UTC) Rank: MemberGroups: Registered, Registered UsersJoined: 1/21/2007(UTC)Posts: 21 Thanks Wblam, I will keep in mind. I want to add this scan with RMO. Lets see what happens.
 billsingh #4 Posted : Sunday, January 21, 2007 11:14:34 AM(UTC) Rank: MemberGroups: Registered, Registered UsersJoined: 1/21/2007(UTC)Posts: 21 I read this article http://www.tradingmarkets.com/.site/stocks/commentary/editorial/2-Period-RSI.cfmThey say 2day RSI Produte beter result then 14 day. So I ran the following. a:=(Fml("Rahul Mohindar Osc (RMO)") > 0) AND (Fml("SwingTrd 2")>0) AND (Fml("SwingTrd 2")>Fml("SwingTrd 3")) AND (RSI(C,2)<10); a=1 AND Ref(a,-1)=0 and Found following matches that return 1. AAPLCRAYGIGARADSVOCS I am going to watch those stocks in next few days and see what happens. Is my formula right ??? Thanks Bill
 billsingh #5 Posted : Sunday, January 21, 2007 11:26:40 AM(UTC) Rank: MemberGroups: Registered, Registered UsersJoined: 1/21/2007(UTC)Posts: 21 WBLIM you are right. 2 day RSI does not work, please ignore my last post. Here are the results of 4day RSI (just RSI) Security Name RSI Ticker Symbol Location FASTENAL ORD 1.0000 FAST Forgent Networks, Inc. 1.0000 FORG GARMIN ORD 1.0000 GRMN SANDISK ORD 1.0000 SNDK WHOLE FOODS ORD 1.0000 WFMI YAHOO ORD 1.0000 YHOO Lets see what happens to those stocks in next few day.
 *PP #6 Posted : Sunday, January 21, 2007 2:18:36 PM(UTC) Rank: Advanced MemberGroups: Registered, Registered Users, SubscribersJoined: 4/1/2006(UTC)Posts: 135 billsingh wrote: WBLIM you are right. 2 day RSI does not work, please ignore.... Lets see what happens to those stocks in next few day. Everything is so magic, right? ;)
 wblam #7 Posted : Sunday, January 21, 2007 11:22:11 PM(UTC) Rank: Advanced MemberGroups: Registered, Registered UsersJoined: 11/25/2006(UTC)Posts: 79 Hi Bill, I found a solution, create a custom indicator for 2 days RSI, call it RSI2. The formula is as follow: U:=If(C>Ref(C,-1),C-Ref(C,-1),0)+If(Ref(C,-1)>Ref(C,-2),Ref(C,-1)-Ref(C,-2),0);D:=If(C90 BTW, does RMO trading system help you make money so far? I do not have ver 10 yet.
 uasish #8 Posted : Monday, January 22, 2007 9:46:07 AM(UTC) Rank: Advanced MemberGroups: Registered, Registered UsersJoined: 8/13/2005(UTC)Posts: 169 Wblam, As in the book " Technical Analysis A to Z " by Steven B Achelis the calculation for RSI = 100 - ( 100 / (1 + U/D)),where U = Avg upward price change & D = Avg downward price change,hence your code needs a modification at last line. Asish
 wblam #9 Posted : Monday, January 22, 2007 10:37:16 AM(UTC) Rank: Advanced MemberGroups: Registered, Registered UsersJoined: 11/25/2006(UTC)Posts: 79 uasish wrote: Wblam, As in the book " Technical Analysis A to Z " by Steven B Achelis the calculation for RSI = 100 - ( 100 / (1 + U/D)),where U = Avg upward price change & D = Avg downward price change,hence your code needs a modification at last line. Asish Hi Asish, My formula is correct. The definition of the variables U and D in my formula are different from the book. In the book, U = Avg upward price change , but in my formula, U = Total upward price change. Similarly for D. OK let me change my variables from U to A and D to V. Now, U=A/2 and D=V/2, and RSI = 100 - ( 100 / (1 + U/D)) =A/(A+V)*100.
 billsingh #10 Posted : Monday, January 22, 2007 5:18:46 PM(UTC) Rank: MemberGroups: Registered, Registered UsersJoined: 1/21/2007(UTC)Posts: 21 Wblam, Thanks for that formula, Yes I have metastock 10. Actually just strat looking into technicals. Please let me know if you want to test anything on metastock 10. Regards Bill
 wblam #11 Posted : Monday, January 22, 2007 8:32:19 PM(UTC) Rank: Advanced MemberGroups: Registered, Registered UsersJoined: 11/25/2006(UTC)Posts: 79 billsingh wrote: Wblam, Thanks for that formula, Yes I have metastock 10. Actually just strat looking into technicals. Please let me know if you want to test anything on metastock 10. Regards Bill Hi Bill, I have ver 9 and thinking whether want to upgrade to ver 10. As I know, ver 10 not much new thing compare to ver 9 except a new trading system RMO system which claimed is a very successful system and help many people made a lot of money. I like to know your opinon on that system.
 Spaceant #12 Posted : Tuesday, January 23, 2007 2:15:28 AM(UTC) Rank: Advanced MemberGroups: Registered, Registered Users, SubscribersJoined: 8/16/2005(UTC)Posts: 180 wblam wrote: U:=If(C>Ref(C,-1),C-Ref(C,-1),0)+If(Ref(C,-1)>Ref(C,-2),Ref(C,-1)-Ref(C,-2),0);D:=If(C
 uasish #13 Posted : Tuesday, January 23, 2007 6:16:19 AM(UTC) Rank: Advanced MemberGroups: Registered, Registered UsersJoined: 8/13/2005(UTC)Posts: 169 Wblam, If you have a particular objective of getting total upward price change then it is ok,but the link you provided where the RSI - 2 periods success rate for very short time frame is very encouraging,as per their findings & the basic concept of this leading indicator lies in it's avg of up/dn .However this 2 period time frame will mostly mis match with the chart & exploration values in MS .However i am using Jose's following code ( with little tweaking for my purpose) since long.It may be of some use,the following is his original : .........................................8................................................................. { Smoothed RSI indicator v1.1 }{ Internal sine-weighted smoothing }{ Automatic historically-valid RSI peak/trough boundaries}{ Boundary crossover signals: +1=Long, -1=Short}{ ©Copyright 2004 Jose Silva }{ http://www.metastocktools.com } { user input }pds:=1/Input("RSI periods",1,2520,10);plot:=Input("plot: [1]-RSI, [2]-Long/Short signals",1,2,1); { RSI up/down average components }x:=If(C>Ref(C,-1),C-Ref(C,-1),0);y:=If(CRef(RS,-2) AND Ref(RS,-1)>RSAND Alert(Ref(C,-1)>Ref(C,-2)AND Ref(C,-1)>C,2) {AND Ref(RS,-1)>50};pkVal:=ValueWhen(1,pk,Ref(RS,-1));pkAvg:=Cum(pkVal)/Cum(pkVal>-1); tr:=Ref(RS,-1)-1); { RSI peak/trough boundary cross signals }up:=Cross(trAvg,RS);dw:=Cross(RS,pkAvg);signals:=up-dw; { alternative RSI peak/trough signals }{up:=Ref(RS,-1)Ref(RS,-2) AND Ref(RS,-1)>RS AND Ref(RS,-1)>pkAvg;signals:=up-dw;} { plot }If(plot=1,pkAvg,0);If(plot=1,trAvg,0);If(plot=1,RS,signals) ..........................................................8...................................... Asish
 wblam #14 Posted : Tuesday, January 23, 2007 11:08:57 AM(UTC) Rank: Advanced MemberGroups: Registered, Registered UsersJoined: 11/25/2006(UTC)Posts: 79 Spaceant wrote:wblam wrote: U:=If(C>Ref(C,-1),C-Ref(C,-1),0)+If(Ref(C,-1)>Ref(C,-2),Ref(C,-1)-Ref(C,-2),0);D:=If(CRef(C,-1),C-Ref(C,-1),0);B:=If(C
 wblam #15 Posted : Tuesday, January 23, 2007 11:22:30 AM(UTC) Rank: Advanced MemberGroups: Registered, Registered UsersJoined: 11/25/2006(UTC)Posts: 79 uasish wrote: Wblam, If you have a particular objective of getting total upward price change then it is ok ..... Mathematically, if simple average is used, U=A/n and D=B/n then U/D = A/B. uasish wrote: ... the link you provided ... The link is not provided by me, is by Bill.
 billsingh #16 Posted : Tuesday, January 23, 2007 11:54:37 AM(UTC) Rank: MemberGroups: Registered, Registered UsersJoined: 1/21/2007(UTC)Posts: 21 Wblam, I recommend upgrade and yes I know few people who have 10 consective winning trade using RMO what is what made me buy Metastock ver 10. For this year in Jan it made me over 20k with one trade and I am in the second trade with 5k up using RMO. Go get it tiger, it is worth the money you pay for upgrade. Regards Bill
 wabbit #17 Posted : Saturday, February 24, 2007 5:51:30 PM(UTC) Rank: Advanced MemberGroups: Registered, Registered Users, Subscribers, Unverified UsersJoined: 10/28/2004(UTC)Posts: 3,041Was thanked: 1 time(s) in 1 post(s) Bill and All,You don't NEED to upgrade to MS10 to get the RMO as it is exactly the same as the Rainbow Oscillator that was included with previous versions of MS (as early as MS7).There are other good reasons to upgrade to MS10, besides the RMO.wabbit [:D]
 wblam #18 Posted : Saturday, February 24, 2007 11:50:24 PM(UTC) Rank: Advanced MemberGroups: Registered, Registered UsersJoined: 11/25/2006(UTC)Posts: 79 Hi Wabbit, Thank you for the information. I found the Rainbow Oscilator indicator. However it is not documented in the manual of ver. 9.1. Can you teach us how to create a template like the one in ver. 10? Thanks. Lam
 wabbit #19 Posted : Tuesday, February 27, 2007 6:35:08 AM(UTC) Rank: Advanced MemberGroups: Registered, Registered Users, Subscribers, Unverified UsersJoined: 10/28/2004(UTC)Posts: 3,041Was thanked: 1 time(s) in 1 post(s) Quote:Can you teach us how to create a template like the one in ver. 10?I will do so in due course and post it under a new thread.... stay tuned.wabbit [:D]
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