Jim thank you so much. I really glad to finally get up with you. I've got an
idea about some RSI numbers that I want to research. I'll share my results with
you. Thanks again.
----- Original Message -----
From: Jim Dean
To:
Telechart2000_Users@yahoogroups.com
Sent: Thursday, March 24, 2005 1:39 PM
Subject: [Telechart2000_Users] Re: RSI PCF
Hi, Larry:
First off ... you probably should pursue this in the NEW user group,
since this one is about to be shut down. EJR has posted several
reminders about this already.
Here are the PCF's you wanted. They are based on TRUE Wilder's
smoothing, with enough terms to provide <0.1% error. Greater
accuracy is possible with more terms ... my experience is that this
level is more than adequate for typical RSI interpretation. You need
to check the "Use Wilder Smoothing" box in the TC plots to see the
same thing on the screen. Note that TC does NOT use "calendar" weeks
or "calendar" months. A "Week" is the last five trading days.
A "Month" is the last 21 trading days. These formulae presume that.
Daily RSI2, Wilder's smoothing <0.1% error:
100 - ( 100 / ( 1 + ( -50.0489 * (C0-C1>0) * (C0-C1) -25.0244 * (C1-
C2>0) * (C1-C2) -12.5122 * (C2-C3>0) * (C2-C3) -6.2561 * (C3-C4>0) *
(C3-C4) -3.1281 * (C4-C5>0) * (C4-C5) -1.564 * (C5-C6>0) * (C5-C6) -
.782 * (C6-C7>0) * (C6-C7) -.391 * (C7-C8>0) * (C7-C8) -.1955 * (C8-
C9>0) * (C8-C9) -.0978 * (C9-C10>0) * (C9-C10) ) / ( 50.0489 * (C0-
C1<0) * (C0-C1) +25.0244 * (C1-C2<0) * (C1-C2) +12.5122 * (C2-C3<0) *
(C2-C3) +6.2561 * (C3-C4<0) * (C3-C4) +3.1281 * (C4-C5<0) * (C4-C5)
+1.564 * (C5-C6<0) * (C5-C6) +.782 * (C6-C7<0) * (C6-C7) +.391 * (C7-
C8<0) * (C7-C8) +.1955 * (C8-C9<0) * (C8-C9) +.0978 * (C9-C10<0) *
(C9-C10))))
5-day (weekly) RSI2, Wilder's smoothing <0.1% error:
100 - ( 100 / ( 1 + ( -50.0489 * (C0-C5>0) * (C0-C5) -25.0244 * (C5-
C10>0) * (C5-C10) -12.5122 * (C10-C15>0) * (C10-C15) -6.2561 * (C15-
C20>0) * (C15-C20) -3.1281 * (C20-C25>0) * (C20-C25) -1.564 * (C25-
C30>0) * (C25-C30) -.782 * (C30-C35>0) * (C30-C35) -.391 * (C35-
C40>0) * (C35-C40) -.1955 * (C40-C45>0) * (C40-C45) -.0978 * (C45-
C50>0) * (C45-C50) ) / ( 50.0489 * (C0-C5<0) * (C0-C5) +25.0244 * (C5-
C10<0) * (C5-C10) +12.5122 * (C10-C15<0) * (C10-C15) +6.2561 * (C15-
C20<0) * (C15-C20) +3.1281 * (C20-C25<0) * (C20-C25) +1.564 * (C25-
C30<0) * (C25-C30) +.782 * (C30-C35<0) * (C30-C35) +.391 * (C35-
C40<0) * (C35-C40) +.1955 * (C40-C45<0) * (C40-C45) +.0978 * (C45-
C50<0) * (C45-C50))))
21-day (monthly) RSI2, Wilder's smoothing <0.1% error:
100 - ( 100 / ( 1 + ( -50.0489 * (C0-C21>0) * (C0-C21) -25.0244 *
(C21-C42>0) * (C21-C42) -12.5122 * (C42-C63>0) * (C42-C63) -6.2561 *
(C63-C84>0) * (C63-C84) -3.1281 * (C84-C105>0) * (C84-C105) -1.564 *
(C105-C126>0) * (C105-C126) -.782 * (C126-C147>0) * (C126-C147) -.391
* (C147-C168>0) * (C147-C168) -.1955 * (C168-C189>0) * (C168-C189) -
.0978 * (C189-C210>0) * (C189-C210) ) / ( 50.0489 * (C0-C21<0) * (C0-
C21) +25.0244 * (C21-C42<0) * (C21-C42) +12.5122 * (C42-C63<0) * (C42-
C63) +6.2561 * (C63-C84<0) * (C63-C84) +3.1281 * (C84-C105<0) * (C84-
C105) +1.564 * (C105-C126<0) * (C105-C126) +.782 * (C126-C147<0) *
(C126-C147) +.391 * (C147-C168<0) * (C147-C168) +.1955 * (C168-
C189<0) * (C168-C189) +.0978 * (C189-C210<0) * (C189-C210))))
Jim Dean
aka Tanstaafl in W-land
--- In
Telechart2000_Users@yahoogroups.com, "Larry Keenum"
<ljkeenum@p...> wrote:
>
> I need some serious help. I want to write an RSI period 2 PCF in
the
> daily, weekly, and monthly time frame. An example is at
> www.askresearch.com. At that site, on their daily chart, if you put
> in RSI period 2, time frame daily, you get a RSI number. Change the
> time frame to weekly, get a different number. Change the time frame
> to monthly, get a different number. That's what I want my TC2000 to
> do. Three different PCF's. Then I can make an EasyScan to do what
I'm
> after. I just want a very accurate PCF. Any help out there or is it
even doable?
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