RSI as per yahoo

opfdo · 1 RSI as per yahoo Wed Oct 03, 2012 4:21 pm

opfdo

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it is 65.65.

is it correct ? TAs pls share your thoughts

RSI as per yahoo New_pi26

Slstock · 2 Re: RSI as per yahoo Wed Oct 03, 2012 4:25 pm

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I don;t think this is accurate. We are still well above 70.

opfdo wrote:it is 65.65.

is it correct ? TAs pls share your thoughts

opfdo · 3 Re: RSI as per yahoo Wed Oct 03, 2012 4:36 pm

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so what is the correct RSI ?

slstock wrote:I don;t think this is accurate. We are still well above 70.

opfdo wrote:it is 65.65.

is it correct ? TAs pls share your thoughts

Slstock · 4 Re: RSI as per yahoo Wed Oct 03, 2012 4:50 pm

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Different system appears to say different things.As I said it is above 70. But I beleive it should be around 73 today.

opfdo wrote:so what is the correct RSI ?

slstock wrote:I don;t think this is accurate. We are still well above 70.

opfdo wrote:it is 65.65.

is it correct ? TAs pls share your thoughts

Dileepa · 5 Re: RSI as per yahoo Wed Oct 03, 2012 5:10 pm

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The exchange has been overbought since August 28, Thomson Reuters data shows. The 14-day Relative Strength Index on Monday was at 79.582, above the upper neutral range of 70.
http://www.dailymirror.lk/business/stock/22386-bourse-slips-on-profit-taking-.html

pathfinder · 6 Re: RSI as per yahoo Wed Oct 03, 2012 5:11 pm

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slstock wrote:Different system appears to say different things.As I said it is above 70. But I beleive it should be around 73 today.

As per DFN RSI is 73.99

Slstock · 7 Re: RSI as per yahoo Wed Oct 03, 2012 5:16 pm

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Dileepa wrote:The exchange has been overbought since August 28, Thomson Reuters data shows. The 14-day Relative Strength Index on Monday was at 79.582, above the upper neutral range of 70.
http://www.dailymirror.lk/business/stock/22386-bourse-slips-on-profit-taking-.html

K.Haputantri · 8 Re: RSI as per yahoo Wed Oct 03, 2012 5:29 pm

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Please find interpretation of RSI below. The reason for doferrent values may be due to time frame used for calculations;

"Relative strength index
From Wikipedia, the free encyclopedia

The Relative Strength Index (RSI) is a technical indicator used in the analysis of financial markets. It is intended to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. The indicator should not be confused with relative strength.

The RSI is classified as a momentum oscillator, measuring the velocity and magnitude of directional price movements. Momentum is the rate of the rise or fall in price. The RSI computes momentum as the ratio of higher closes to lower closes: stocks which have had more or stronger positive changes have a higher RSI than stocks which have had more or stronger negative changes.

The RSI is most typically used on a 14 day timeframe, measured on a scale from 0 to 100, with high and low levels marked at 70 and 30, respectively. Shorter or longer timeframes are used for alternately shorter or longer outlooks. More extreme high and low levels—80 and 20, or 90 and 10—occur less frequently but indicate stronger momentum.

The Relative Strength Index was developed by J. Welles Wilder and published in a 1978 book, New Concepts in Technical Trading Systems, and in Commodities magazine (now Futures magazine) in the June 1978 issue.[1] It has become one of the most popular oscillator indices.[2]"

Dileepa · 9 Re: RSI as per yahoo Wed Oct 03, 2012 7:29 pm

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What's the sudden interest about the RSI?
In my experience, different indicators answer for different counters.
Followings are some examples of DFN simulations,
①If you use RSI to trade JKH you will ended up with a loss
RSI as per yahoo Rsi10

②Directional Movement(DX) will yield above 2000% gain on CIC, but will not good for counters like BUKI
RSI as per yahoo Dmi10

③Bollinger band is the worst indicator I have ever seen. (This is a comparison of some of the indicators I use)
RSI as per yahoo Overal10

DFN system tester is a very powerful tools, but unfortunately it seems like only programmers are using this.
I was thinking about posting a different thread about "Strategy Evaluator" but don't think there is much interest on this topic.
You can write your own buy/sell scripts and test with past data.
Followings are some of the test shots.

■Report generated for CIC.N if you use DMI(DX) as a buy/sell signal (It's self explanatory)
RSI as per yahoo Dmi_ci10

■Last buy signal was generated on 2012/9/04 and sell signal on today(2012/10/03)
RSI as per yahoo Dmi_ci11

■To be a billionaire, all you need is to write a killer program. Easier said than done. Smile

DFN doesn't offer much help, but on the bright side there are 3 built in scripts available for you to try. cheers

Following is my Klinger Volume Oscillator.
RSI as per yahoo Script11

Above is a bit complex code.
For a starter, following is a simple buy & sell statement for RSI.

// RSI Buy Statement
DataArray RSI = RelativeStrengthIndex(Close, 20) ;
buy(RSI>=65);

// RSI Sell Statement
DataArray RSI = RelativeStrengthIndex(Close, 20) ;
sell(RSI<35);

Do some experiments and who knows, you might be ended up with the killer script bom

Last edited by Dileepa on Wed Oct 03, 2012 7:32 pm; edited 1 time in total (Reason for editing : spelling)

smallville · 10 Re: RSI as per yahoo Wed Oct 03, 2012 9:19 pm

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Dileepa wrote:
Above is a bit complex code.
For a starter, following is a simple buy & sell statement for RSI.

// RSI Buy Statement
DataArray RSI = RelativeStrengthIndex(Close, 20) ;
buy(RSI>=65);

// RSI Sell Statement
DataArray RSI = RelativeStrengthIndex(Close, 20) ;
sell(RSI<35);

Do some experiments and who knows, you might be ended up with the killer script

Thanks for the neural networks intro Wink

Appreciate if you could give some intro to the "Strategy Evaluator" option in DFN.. Might be useful to us...

Abt this RSI sell Statement.. Ur talking 20 bars RSI I suppose, anyways it should be RSI>80 or 90 not 35 imo.

AND HOW YOU WOULD PROGRAM THIS? WHERE U WRITE THESE STUFF.. Sorry 4 being a noob.. I can do on Ami but never tried in DFN.. Perhaps Ami code can be transferred to DFN if possible.. There could be similarities. Even if not, there are complex structures built on Ami and the idea, I mean the math could be used in DFN for better intra-day trading results..

After all, this is easier than updating AMi and drawing basic TA lines nuh? tongue

opfdo · 11 Re: RSI as per yahoo Wed Oct 03, 2012 9:50 pm

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Getting interesting,

thank you all for your contribution & explanations. Thank you Dileepa, expecting more from you.

smallville wrote:

Dileepa wrote:
Above is a bit complex code.
For a starter, following is a simple buy & sell statement for RSI.

// RSI Buy Statement
DataArray RSI = RelativeStrengthIndex(Close, 20) ;
buy(RSI>=65);

// RSI Sell Statement
DataArray RSI = RelativeStrengthIndex(Close, 20) ;
sell(RSI<35);

Do some experiments and who knows, you might be ended up with the killer script

Thanks for the neural networks intro Appreciate if you could give some intro to the "Strategy Evaluator" option in DFN.. Might be useful to us...

Abt this RSI sell Statement.. Ur talking 20 bars RSI I suppose, anyways it should be RSI>80 or 90 not 35 imo.

AND HOW YOU WOULD PROGRAM THIS? WHERE U WRITE THESE STUFF.. Sorry 4 being a noob.. I can do on Ami but never tried in DFN.. Perhaps Ami code can be transferred to DFN if possible.. There could be similarities. Even if not, there are complex structures built on Ami and the idea, I mean the math could be used in DFN for better intra-day trading results..

After all, this is easier than updating AMi and drawing basic TA lines nuh?

Dileepa · 12 Re: RSI as per yahoo Thu Oct 04, 2012 5:45 pm

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smallville wrote:
Thanks for the neural networks intro Appreciate if you could give some intro to the "Strategy Evaluator" option in DFN.. Might be useful to us...

Abt this RSI sell Statement.. Ur talking 20 bars RSI I suppose, anyways it should be RSI>80 or 90 not 35 imo.

AND HOW YOU WOULD PROGRAM THIS? WHERE U WRITE THESE STUFF.. Sorry 4 being a noob.. I can do on Ami but never tried in DFN.. Perhaps Ami code can be transferred to DFN if possible.. There could be similarities. Even if not, there are complex structures built on Ami and the idea, I mean the math could be used in DFN for better intra-day trading results..

After all, this is easier than updating AMi and drawing basic TA lines nuh?

small, glad to hear that you are already doing it.
This is how DFN works.

1.Open System Tester from DFN Charting window
RSI as per yahoo System10

2.Strategy Evaluator will be open. Initially there will be Bollinger Bands, MACD & Moving Average only.
If you are going to write a new script, click on New System & give it a name and description in general tab.
RSI as per yahoo Strate10

3.Click on Buy Order tab and enter your code. This is a sample code for RSI.
You seems to be using RSI to evaluate overbought/sold conditions. That is a one approach.
But from my experience, it is better to monitor RSI crossing 50 level for some counters.
Here I'm using that crossover as a buy/sell signal.
After you done, click on Test Grammar to compile & click save.
RSI as per yahoo Rsi_co10

4.Then click on Simulations and New Simulation to create your own simulation.
Add the required scripts from Systems tab
RSI as per yahoo Simula10

5.Click on Securities tab and add the counters you want to check
RSI as per yahoo Securi10

6.Finally, go to settings tab and give the simulation a name, add funds and click save.
There are some settings here to explore. I usually set as follows. (cash on hand @ 5%)
RSI as per yahoo Simula11

7.Before you hit start! This is a very memory & processor consuming process.
Don't add too many scripts or counters. Simulation is running on 10 years of past data.
From the programming point of view, DFN is highly inefficient.
When you do some serious coding, you will understand that you have to duplicate may things due to system limitations.
I'm running this on 8GB system, still it is too much for my computer.
RSI as per yahoo System11

opfdo · 13 yahoo shows RSI as 40.91. what it should be TAs Thu Oct 04, 2012 9:25 pm

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share your charts.......

smallville · 14 Re: RSI as per yahoo Thu Oct 04, 2012 9:46 pm

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Thanks Dileepa.. Wonderful explanation..

Jeez..1.1GB for DFN.. that's absurd..

opfdo · 15 Re: RSI as per yahoo Thu Oct 04, 2012 9:54 pm

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so how about the RSI as at today small ?

smallville wrote:Thanks Dileepa.. Wonderful explanation..

Jeez..1.1GB for DFN.. that's absurd..

anubis · 16 Re: RSI as per yahoo Thu Oct 04, 2012 9:56 pm

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Why so much worry over RSI of the entire market? Smile

I'd say if you want to use RSI for trading, use it on particular counters you wish to trade on. RSI is just one technical indicator, and depending on the personality of the share, RSI might or might not work.

Check Dileepa's post on how to use the DFN System Tester feature to evaluate which indicator works on which share....

Cheers!

smallville · 17 Re: RSI as per yahoo Thu Oct 04, 2012 10:02 pm

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opfdo wrote:so how about the RSI as at today small ?

smallville wrote:Thanks Dileepa.. Wonderful explanation..

Jeez..1.1GB for DFN.. that's absurd..

67.20 as per DFN..

opfdo · 18 Re: RSI as per yahoo Thu Oct 04, 2012 10:18 pm

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Thank you.

smallville wrote:

opfdo wrote:so how about the RSI as at today small ?

smallville wrote:Thanks Dileepa.. Wonderful explanation..

Jeez..1.1GB for DFN.. that's absurd..

67.20 as per DFN..

opfdo · 19 Re: RSI as per yahoo Thu Oct 04, 2012 10:28 pm

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Thank you anubis for your advise. Sorry for my Curiosity,since I am a child for TA.

anubis wrote:Why so much worry over RSI of the entire market?

I'd say if you want to use RSI for trading, use it on particular counters you wish to trade on. RSI is just one technical indicator, and depending on the personality of the share, RSI might or might not work.

Check Dileepa's post on how to use the DFN System Tester feature to evaluate which indicator works on which share....

Cheers!

opfdo · 20 Re: RSI as per yahoo Thu Oct 04, 2012 10:32 pm

opfdo

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anibis, who is having DFN ? (I mean name of the brokers)
may be this question is very childish question, pls answer

anubis wrote:Why so much worry over RSI of the entire market?

I'd say if you want to use RSI for trading, use it on particular counters you wish to trade on. RSI is just one technical indicator, and depending on the personality of the share, RSI might or might not work.

Check Dileepa's post on how to use the DFN System Tester feature to evaluate which indicator works on which share....

Cheers!

sahan8896 · 21 Re: RSI as per yahoo Thu Oct 04, 2012 10:36 pm

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“I know it may sound strange to many readers, but there is an inverse relationship between analysis and trading results. More analysis or being able to make distinctions in the market’s behavior will not produce better trading results. There are many traders who find themselves caught in this exasperating loop, thinking that more or better analysis is going to give them the confidence they need to do what needs to be done to achieve success. It’s what I call a trading paradox that most traders find difficult, if not impossible to reconcile, until they realize you can’t use analysis to overcome fear of being wrong or losing money. It just doesn’t work!”
- By Mark Douglas

smallville · 22 Re: RSI as per yahoo Fri Oct 05, 2012 9:09 am

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sahan8896 wrote:“I know it may sound strange to many readers, but there is an inverse relationship between analysis and trading results. More analysis or being able to make distinctions in the market’s behavior will not produce better trading results. There are many traders who find themselves caught in this exasperating loop, thinking that more or better analysis is going to give them the confidence they need to do what needs to be done to achieve success. It’s what I call a trading paradox that most traders find difficult, if not impossible to reconcile, until they realize you can’t use analysis to overcome fear of being wrong or losing money. It just doesn’t work!”
- By Mark Douglas

Cant say no.. When too much information is on fingertips, traders may even fear on price-actions. Ultimate result would be a loss Wink

smallville · 23 Re: RSI as per yahoo Fri Oct 05, 2012 9:10 am

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opfdo wrote:anibis, who is having DFN ? (I mean name of the brokers)
may be this question is very childish question, pls answer

anubis wrote:Why so much worry over RSI of the entire market?

I'd say if you want to use RSI for trading, use it on particular counters you wish to trade on. RSI is just one technical indicator, and depending on the personality of the share, RSI might or might not work.

Check Dileepa's post on how to use the DFN System Tester feature to evaluate which indicator works on which share....

Cheers!

I know Asha and CT have.. Some others may also..

anubis · 24 Re: RSI as per yahoo Fri Oct 05, 2012 12:33 pm

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@opfdo: I use Asia Securities and they offer DFN... not sure about others but DFN is fairly common.

Cheers!

opfdo · 25 Re: RSI as per yahoo Sat Oct 06, 2012 2:39 pm

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thank you

anubis wrote:@opfdo: I use Asia Securities and they offer DFN... not sure about others but DFN is fairly common.

Cheers!

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RSI as per yahoo

1 RSI as per yahoo Wed Oct 03, 2012 4:21 pm

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2 Re: RSI as per yahoo Wed Oct 03, 2012 4:25 pm

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3 Re: RSI as per yahoo Wed Oct 03, 2012 4:36 pm

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4 Re: RSI as per yahoo Wed Oct 03, 2012 4:50 pm

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5 Re: RSI as per yahoo Wed Oct 03, 2012 5:10 pm

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6 Re: RSI as per yahoo Wed Oct 03, 2012 5:11 pm

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7 Re: RSI as per yahoo Wed Oct 03, 2012 5:16 pm

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8 Re: RSI as per yahoo Wed Oct 03, 2012 5:29 pm

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9 Re: RSI as per yahoo Wed Oct 03, 2012 7:29 pm

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10 Re: RSI as per yahoo Wed Oct 03, 2012 9:19 pm

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11 Re: RSI as per yahoo Wed Oct 03, 2012 9:50 pm

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12 Re: RSI as per yahoo Thu Oct 04, 2012 5:45 pm

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13 yahoo shows RSI as 40.91. what it should be TAs Thu Oct 04, 2012 9:25 pm

opfdo

14 Re: RSI as per yahoo Thu Oct 04, 2012 9:46 pm

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15 Re: RSI as per yahoo Thu Oct 04, 2012 9:54 pm

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19 Re: RSI as per yahoo Thu Oct 04, 2012 10:28 pm

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21 Re: RSI as per yahoo Thu Oct 04, 2012 10:36 pm

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22 Re: RSI as per yahoo Fri Oct 05, 2012 9:09 am

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