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Hi Triplepack,
I have John Hayden's book. I was not looking at programming the MDRP's which Hayden sells through a web site. The RSI can be used as a trend indicator, following the range rules that call for an uptrend between 40 and 80, and a downtrend between 20 and 60. A move to above 60, an then a dip, a subsequent rally finding resistance at 60 would qualify as a change of trend. ( as per my method). This is what I was trying to program.
I trade equities, and the RSI gives a fairly clear trend signal on daily, 60 and 30 minute charts. On 5 minute charts, I have found that the targets are close by, often not justifying a trade.
Have Fun!
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