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Reverse RSI

  • #1
  • First Post: Feb 15, 2007 4:50pm Feb 15, 2007 4:50pm
Hi Guys

Just wondering if anyone has or knows of an RSI Indicator which will tell you the price required for it to hit the 50 mark.... is there such an animal.
Mono
  • #2
  • Feb 15, 2007 5:01pm Feb 15, 2007 5:01pm
I would like that indicator. I'm too lazy to do my math to figure it out ...
  • #3
  • Feb 18, 2007 6:05am Feb 18, 2007 6:05am
Lazy bastards - here is the TS code, should be easy to convert - if you're too lazy to do that, then dont trade.

********************************************************

inputs:
RSIValue( 50 ),
WilderTimePeriod( 14 ) ;
variables:
ExpPer( 2 * WilderTimePeriod - 1 ),
AUC( 0 ),
ADC( 0 ),
X( 0 ),
RevEngRSI( 0 ) ;
AUC = XAverage( IFF( C > C[1], C - C[1], 0), ExpPer ) ;
ADC = XAverage( IFF( C[1] > C, C[1] - C, 0), ExpPer ) ;
X = (WilderTimePeriod - 1 ) * ( ADC * RSIValue
/ ( 100 - RSIValue ) - AUC ) ;
RevEngRSI = IFF( X >= 0, C + X, C + X *
(100-RSIValue)/RSIValue) ;
Plot1[-1]( RevEngRSI ) ;

****************************************************

Can set for whatever RSI Value you want for any RSI period. Have fun
Man who scratches ass should not bite fingernails
  • #4
  • Feb 18, 2007 1:56pm Feb 18, 2007 1:56pm
Quoting Leugimp
Lazy bastards - here is the TS code, should be easy to convert - if you're too lazy to do that, then dont trade.

********************************************************

inputs:
RSIValue( 50 ),
WilderTimePeriod( 14 ) ;
variables:
ExpPer( 2 * WilderTimePeriod - 1 ),
AUC( 0 ),
ADC( 0 ),
X( 0 ),
RevEngRSI( 0 ) ;
AUC = XAverage( IFF( C > C[1], C - C[1], 0), ExpPer ) ;
ADC = XAverage( IFF( C[1] > C, C[1] - C, 0), ExpPer ) ;
X = (WilderTimePeriod - 1 ) * ( ADC * RSIValue
/ ( 100 - RSIValue ) - AUC ) ;
RevEngRSI = IFF( X >= 0, C + X, C + X *
(100-RSIValue)/RSIValue) ;
Plot1[-1]( RevEngRSI ) ;

****************************************************

Can set for whatever RSI Value you want for any RSI period. Have fun
HAHA Thanks Leugimp, I've converted an amibroker version (very similar). I'll try your code as well
Mono
  • #5
  • Oct 23, 2008 2:58am Oct 23, 2008 2:58am
anyone here has this indicator for metatrader??
  • #6
  • Apr 9, 2009 11:40pm Apr 9, 2009 11:40pm
Interesting that you should ask for the RSI value and the price that it corresponds to.

Here is a method that is amazingly profitable but I have not been able to get on the meta trader 4 as a program.

To pin point (and I mean to the exact price) a reversal ie top or bottom, there is a method called RSI charting.

If we can chart the RSI (ie as bars) just like the price chart and draw our support and resistance lines on the RSI chart we can very accurately predict the exact reversal point.

I know that this is being done and I ve seen it my self and it is bloody amazing. But there is no coding for it on MT.

Can any one code this. What we want is to see under the price chart the RSI as a chart just like the price and be able to see the RSI levels that correspond to the high low and close of the price bar so we can chart the RSI chart instead of the price chart.

This allows you to place very tight stops with great accuracy.
  • #7
  • Apr 10, 2009 1:11am Apr 10, 2009 1:11am
Quoting dfxclub
Interesting that you should ask for the RSI value and the price that it corresponds to.

Here is a method that is amazingly profitable but I have not been able to get on the meta trader 4 as a program.

To pin point (and I mean to the exact price) a reversal ie top or bottom, there is a method called RSI charting.

If we can chart the RSI (ie as bars) just like the price chart and draw our support and resistance lines on the RSI chart we can very accurately predict the exact reversal point.

I know that this is being done and I ve seen it...
You might want to start a thread with this same info over in the Programing Discussion section of the board. Someone there might already have an indicator for this, or if they're interested enough in the concept they might create it. Good luck.
Is your SL my TP?
  • #8
  • Apr 10, 2009 2:56am Apr 10, 2009 2:56am
Quoting kenmania
You might want to start a thread with this same info over in the Programing Discussion section of the board. Someone there might already have an indicator for this, or if they're interested enough in the concept they might create it. Good luck.

thankas will do
  • #9
  • Last Post: Nov 11, 2012 8:51pm Nov 11, 2012 8:51pm
Screenulator.com real time quote gives reverse RSI calculation of any level. Additionally, they also have a free Android app: https://play.google.com/store/apps/d...rsi.calculator
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