Hi Alikair

{RSI Price Lookahead}

R:=Input("RSI Threshold",1,100,5);

D:=Input("RSI Periods ",1,100,2);

K:=Ref(C,-1);

Up:=Wilders(If(C>K,C-K,0),D);

Dn:=Wilders(If(K>C,K-C,0),D);

X:=(D-1)*(Dn*R/(100-R)-Up);

If(X>=0,C+X,C+X*(100-R)/R);

This indicator predicts the CLOSE needed on the next bar for the RSI to match the threshold.

Roy

Hi Alikair

Yes it is rather good. It's not my creation and sadly I don't recall who the author is. From memory it was posted in a public forum several years ago.

Here's another one that might be useful.

{EMA Lookahead}
A:=Input("EMA Target Value",0,20000,10);
D:=Input("EMA Periods",2,999,10);
F:=2/(1+D);
{Price required for given inputs}
(A-(1-F)*Mov(C,D,E))/F;

Roy

You're right - it IS forward looking, but not in the way you suggest. It uses yesterday's CLOSE to tell you what future price (today's CLOSE) will be needed to produce the requested RSI value. The whole idea of the indicator is that it accurately predicts a future price. It uses a logical calculation to do this, not guesswork or reading tea-cups. At least try working through one or two examples and I'm sure you'll see that the indicator does what it purports to do. At that point you can rephrase your request for help if the indicator isn't what you had in mind.

Roy

Hi Giorgos

My appologies for not taking note of who created the formula. I'll rectify that by including a credit in my adaptaion of the code in any future posting. Back in 2003 I wasn't as aware of the importance of acknowledging public-domain code as I should have been and as a result I now have a number of formulas of unknown origin. Thanks for bringing this to my attention and for your contributions to the pool of MetaStock knowledge and skills.

Regards, Roy