Comments on: Modified RSI(2), Buying Power and Intermediate-Term Outlook http://www.tradingtheodds.com/2010/02/modified-rsi2-buying-power-and-intermediate-term-outlook/ A quantitative approach to profit in the US equity and futures markets, trading the markets like professional card counters are playing Blackjack or expert poker players are playing Poker. The key is to have the odds on your side and bet accordingly, knowing what, when, where, why and how much to bet on each trade or wager. Mon, 06 Feb 2012 13:40:20 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Modified RSI (2) : A possible profitable trading system (back-test before using) http://www.tradingtheodds.com/2010/02/modified-rsi2-buying-power-and-intermediate-term-outlook/#comment-5071 Modified RSI (2) : A possible profitable trading system (back-test before using) Sun, 25 Sep 2011 10:55:20 +0000 http://www.tradingtheodds.net/2010/02/modified-rsi2-buying-power-and-intermediate-term-outlook/#comment-5071 [...] 253 Posts those who wants some more detail plus metastock code can refer to this article Modified RSI(2), Buying Power and Intermediate-Term Outlook | TRADING THE ODDS - Stock market timing... Logic of your id, share here [...] [...] 253 Posts those who wants some more detail plus metastock code can refer to this article Modified RSI(2), Buying Power and Intermediate-Term Outlook | TRADING THE ODDS – Stock market timing… Logic of your id, share here [...]

]]> By: admin http://www.tradingtheodds.com/2010/02/modified-rsi2-buying-power-and-intermediate-term-outlook/#comment-4223 admin Mon, 07 Jun 2010 16:41:26 +0000 http://www.tradingtheodds.net/2010/02/modified-rsi2-buying-power-and-intermediate-term-outlook/#comment-4223 Bill, sorry for the delay. Take a llok at 'http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:relative_strength_index_rsi' and substitute Wilder's original 'change' (the delta between today's close and yesterday's close, exemplary Excel spreadsheet) by change = (today’s close – today’s low) + (today’s close – today’s high). Evereything else remains unchanged. Best, Frank Bill,

sorry for the delay.

Take a llok at ‘http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:relative_strength_index_rsi‘ and substitute Wilder’s original ‘change’ (the delta between today’s close and yesterday’s close, exemplary Excel spreadsheet) by change = (today’s close – today’s low) + (today’s close – today’s high).

Evereything else remains unchanged.

Best,
Frank

]]> By: System Trading and Backtesting | V-Neck Shaped Recovery http://www.tradingtheodds.com/2010/02/modified-rsi2-buying-power-and-intermediate-term-outlook/#comment-4222 System Trading and Backtesting | V-Neck Shaped Recovery Thu, 03 Jun 2010 15:45:17 +0000 http://www.tradingtheodds.net/2010/02/modified-rsi2-buying-power-and-intermediate-term-outlook/#comment-4222 [...] the Dow is down until 3:30, then rallies into the close.  Certain indicators, such as DV2, or Modified RSI2, account for this by taking the daily high and low into account, something I think is significant [...] [...] the Dow is down until 3:30, then rallies into the close.  Certain indicators, such as DV2, or Modified RSI2, account for this by taking the daily high and low into account, something I think is significant [...]

]]> By: Bill http://www.tradingtheodds.com/2010/02/modified-rsi2-buying-power-and-intermediate-term-outlook/#comment-4221 Bill Sun, 23 May 2010 10:23:24 +0000 http://www.tradingtheodds.net/2010/02/modified-rsi2-buying-power-and-intermediate-term-outlook/#comment-4221 Hi After further thought I m unclear as to what is being compared to what Is the change actually Close minus the mid-point(MP())? You seem to be defining mid point for the change, but what I'm unclear about is what is it being compared to. Is it yesterday's MP(), yesterday's CLOSE, or today's CLOSE? Regards Bill Hi

After further thought I m unclear as to what is being compared to what

Is the change actually Close minus the mid-point(MP())? You seem to be defining mid point for the change, but what I’m unclear about is what is it being compared to. Is it yesterday’s MP(), yesterday’s CLOSE, or today’s CLOSE?

Regards

Bill

]]> By: Bill http://www.tradingtheodds.com/2010/02/modified-rsi2-buying-power-and-intermediate-term-outlook/#comment-4220 Bill Sun, 23 May 2010 09:25:26 +0000 http://www.tradingtheodds.net/2010/02/modified-rsi2-buying-power-and-intermediate-term-outlook/#comment-4220 Sorry take 3 I think this looks more complete Any thoughts? x:=C-L; y:=C-H; P1:=Ref(x,-1)+Ref(y,-2); D1:=If(P10,P1,0); U2:=Mov(U1,2,E)/Mov(D1,2,E); RSI2:=(100-100/(1+U2)); RSI2; Sorry take 3 I think this looks more complete

Any thoughts?

x:=C-L;
y:=C-H;
P1:=Ref(x,-1)+Ref(y,-2);
D1:=If(P10,P1,0);
U2:=Mov(U1,2,E)/Mov(D1,2,E);
RSI2:=(100-100/(1+U2));
RSI2;

]]> By: Bill http://www.tradingtheodds.com/2010/02/modified-rsi2-buying-power-and-intermediate-term-outlook/#comment-4219 Bill Sat, 22 May 2010 15:03:43 +0000 http://www.tradingtheodds.net/2010/02/modified-rsi2-buying-power-and-intermediate-term-outlook/#comment-4219 Sorry I meant RSI2 modified would look like this? x:=C-L; y:=C-H; P1:=Ref(x,-1)+Ref(y,-2); D1:=If(P10,P1,0); U2:=Mov(U1,2,E)/Mov(D1,2,E); RSI2:=(100-100/(1+U2)); RSI2; Sorry I meant RSI2 modified would look like this?

x:=C-L;
y:=C-H;
P1:=Ref(x,-1)+Ref(y,-2);
D1:=If(P10,P1,0);
U2:=Mov(U1,2,E)/Mov(D1,2,E);
RSI2:=(100-100/(1+U2));
RSI2;

]]> By: Bill http://www.tradingtheodds.com/2010/02/modified-rsi2-buying-power-and-intermediate-term-outlook/#comment-4218 Bill Sat, 22 May 2010 15:02:48 +0000 http://www.tradingtheodds.net/2010/02/modified-rsi2-buying-power-and-intermediate-term-outlook/#comment-4218 Hi Would you say that the DV(2)formulae for Metastock would look like this? x:=C-L; y:=C-H; P1:=Ref(x,-1)+Ref(y,-2); D1:=If(P10,P1,0); U2:=Mov(U1,2,E)/Mov(D1,2,E); RSI2:=(100-100/(1+U2)); RSI2; Hi Would you say that the DV(2)formulae for Metastock would look like this?

x:=C-L;
y:=C-H;
P1:=Ref(x,-1)+Ref(y,-2);
D1:=If(P10,P1,0);
U2:=Mov(U1,2,E)/Mov(D1,2,E);
RSI2:=(100-100/(1+U2));
RSI2;

]]> By: Kelvin http://www.tradingtheodds.com/2010/02/modified-rsi2-buying-power-and-intermediate-term-outlook/#comment-4217 Kelvin Mon, 08 Mar 2010 20:49:03 +0000 http://www.tradingtheodds.net/2010/02/modified-rsi2-buying-power-and-intermediate-term-outlook/#comment-4217 thx thx

]]> By: admin http://www.tradingtheodds.com/2010/02/modified-rsi2-buying-power-and-intermediate-term-outlook/#comment-4216 admin Mon, 08 Mar 2010 17:44:51 +0000 http://www.tradingtheodds.net/2010/02/modified-rsi2-buying-power-and-intermediate-term-outlook/#comment-4216 Kelvin, I run a quick check. Results are (almost) identical for both formulas. The multiplier of 2 doesn't change anything. Best, Frank Kelvin,

I run a quick check. Results are (almost) identical for both formulas. The multiplier of 2 doesn’t change anything.

Best,
Frank

]]> By: Kelvin http://www.tradingtheodds.com/2010/02/modified-rsi2-buying-power-and-intermediate-term-outlook/#comment-4215 Kelvin Mon, 08 Mar 2010 17:27:43 +0000 http://www.tradingtheodds.net/2010/02/modified-rsi2-buying-power-and-intermediate-term-outlook/#comment-4215 I used the one without the 2X and it shows a huge number of trades with high percentage of winning on SPY but then I realize that I did not follow your code and it was late, so I may be wrong. I will check as well. As always, thanks for showing us the ropes I used the one without the 2X and it shows a huge number of trades with high percentage of winning on SPY but then I realize that I did not follow your code and it was late, so I may be wrong. I will check as well. As always, thanks for showing us the ropes

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