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Reversal Engineering RSI
Hi,

Here's Futures of Nasdaq100 - NQ U3 07/23/2003.

I applied Reversal Engineering RSI on the graph.

Look, each times the RSI cross or touch 30-50-70 line, the Reversal Engineering RSI cross or touch too.

I saw the formula inside Stocks & Commodities magazine. June 2003, Volume 21, Number 6, P.18.

So, I have 3 ReversalEngineeringRSI, for each zone. 30(low), 50(Mid), and 70(High).

And this is my formula version wich I repeat 3 times the original formula.


Reverse Engineered RSI

{Reverse Engineered RSI - High};

valuehigh:=Input("RSI Value High",1,100,70);
wildperhigh:=Input("Wilder Time Periods High",1,100,14);
expperhigh:=2*wildperhigh-1;

{Average Up Close-High};
auchigh:=Mov(If(C>Ref(C,-1),C-Ref(C,-1),0),expperhigh,E);

{Average Down Close-High};
adchigh:=Mov(If(Ref(C,-1)>C,Ref(C,-1)-C,0),expperhigh,E);

xhigh:=(wildperhigh-1)*(adchigh*valuehigh/(100-valuehigh)-auchigh);
revengrsihigh:=If(xhigh>=0,C+xhigh,C+xhigh*(100-valuehigh)/valuehigh);

revengrsihigh;

{Reverse Engineered RSI-Mid};

valuemid:=Input("RSI Value Mid",1,100,50);
wildpermid:=Input("Wilder Time Periods Mid",1,100,14);
exppermid:=2*wildpermid-1;

{Average Up Close-Mid};
aucmid:=Mov(If(C>Ref(C,-1),C-Ref(C,-1),0),exppermid,E);

{Average Down Close-Mid};
adcmid:=Mov(If(Ref(C,-1)>C,Ref(C,-1)-C,0),exppermid,E);

xmid:=(wildpermid-1)*(adcmid*valuemid/(100-valuemid)-aucmid);
revengrsimid:=If(xmid>=0,C+xmid,C+xmid*(100-valuemid)/valuemid);

revengrsimid;

{Reverse Engineered RSI-Low};

valuelow:=Input("RSI Value Low",1,100,30);
wildperlow:=Input("Wilder Time Periods Low",1,100,14);
expperlow:=2*wildperlow-1;

{Average Up Close-Low};
auclow:=Mov(If(C>Ref(C,-1),C-Ref(C,-1),0),expperlow,E);

{Average Down Close-Low};
adclow:=Mov(If(Ref(C,-1)>C,Ref(C,-1)-C,0),expperlow,E);

xlow:=(wildperlow-1)*(adclow*valuelow/(100-valuelow)-auclow);
If(xlow>=0,C+xlow,C+xlow*(100-valuelow)/valuelow);



Reverse_Engineered_RSI

Scoubidoo.

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Alian,

I have not read the article you are referring to. However, the formula posted by you looks interesting.

Could you please shed some more light on its method of trading or interpretation, in a brief manner?

Thank you
Dusant

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Hi Dusant,

The ReversalEngRSI project the price targuet if the RSI touchs the 30,50 or 70 line.

Apply the ReversalEngRSI on the stock. Put 3 lines on the RSI 30,50 and 70.

When the RSi will touch the line 30, the stock will touch the bottom line.
When the RSI will touch the line 50, the stock will touch the middle line.
When the RSI will touch the line 70, the stock will touch the top line.

Application, If I see the RSI tendance, want to touch the 70 line, I buy the stock and my targuet will the top line.

Scou.

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