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chartist2004 · 06-10-2004, 10:19

One of the major uses of the RSI is to identify the trend. As explained in my earlier post, I use the indicator (set to 14 bars) to decide if I should be a buyer, seller, or a sideways trend watcher.

The problem is, while the method is simple enough to apply visually, it is not easy to program it. This would qualify as an uptrend:
The RSI had moved above 60 in the last few bars. It is currently at 51. The last dip saw it reach 41, thus holding above the 40 support.

I am unable to code this as a mechanical alert / indicator.

Any suggestions ?

06-10-2004, 10:19	#21
chartist2004 level 1 Join Date: Oct 2004 Posts: 12 Downloads: 0 Uploads: 0 Rep Power: 0	Trend identification with the RSI One of the major uses of the RSI is to identify the trend. As explained in my earlier post, I use the indicator (set to 14 bars) to decide if I should be a buyer, seller, or a sideways trend watcher. The problem is, while the method is simple enough to apply visually, it is not easy to program it. This would qualify as an uptrend: The RSI had moved above 60 in the last few bars. It is currently at 51. The last dip saw it reach 41, thus holding above the 40 support. I am unable to code this as a mechanical alert / indicator. Any suggestions ?