Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

bretter

RSI Modification on Levels?

Recommended Posts

I am trying to duplicate an indicator, but not having much luck on my own. The attached picture shows it all:

 

1. The red histogram is the indicator I would like to match.

2. The cyan line is a straight 9-bar RSI from TS. (normalized and set around midpoint of 50 to show + and -)

 

The question:

What am I missing? The baseline RSI looks correct, but what else needs to be added to achieve the correct levels on each bar? Ideas?

 

I don't need a hard coding answer - just some experience from you guys to show me where to look. What can I do to modify the RSI to match the original levels along with the same basic structure of the RSI? Another RSI? Linear Regression? (tried several versions of those already) In your collective knowledge of indicators, which direction should I head to try?

 

Note: One of the inputs to the original is 45 and I have verified that for the first 45 bars of a chart, this indicator will not display in TS.

 

Backstory:

To make a long story short, I have a purchased, proprietary set of indicators. I would like to make a TS strategy using these indicators for backtesting and potentially automated trading. The developer refuses to make it a function or to open it up, and hand entering trades is a royal pain. I already have reversed all of the other indicators, just this one is left. Just need a little help to get my strategy working.

 

 

Thanks!

RSI.thumb.JPG.2260350871da28564078e99f8c0ed90c.JPG

Share this post


Link to post
Share on other sites

that's clever reverse engineering...

 

so... the black box is nothing more than a tweaked RSI !?!?!

 

probably he added a dynamic variable to the display.

 

eg.

if the MA is up, then multiply the +RSI by x factor,

if the MA is down, then multiply the -RSI by y factor.

 

 

just a thought.

Share this post


Link to post
Share on other sites

Actually, I did manage to figure it out - and learned a good bit in the process!

 

It is actually a straight 45-bar CCI.

 

When I get the time, I need to sit down and figure out the math relationships between RSI and CCI - they look to be pretty coordinated but different levels!

Share this post


Link to post
Share on other sites

Did you duplicate it exactly?

If its still not right, post a data file with the O,L,H,C and the indicator value and I'll take a crack at it. I've a pretty good track record of duplicating indicators from their output.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.