hfowler |
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Monday, March 21, 2005 |
Wednesday, March 2, 2016 7:55:48 PM |
7 [0.00% of all post / 0.00 posts per day] |
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I'm referring to Wilder's Relative Strength. In the Technical Analysis A to Z book, they give the basic formula. When I calculate the formula, the results do not match yours no matter what period I use, e.g. the standard 14 day or shorter one, 9 day. Evidently, I've missed a step so that's why I asked what method you use for your calculations. The more specific, the better.
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In Achelis' Technical Analysis from A to Z, he gives the formula for calculating the RSI. After using this method, I came up with different numbers from what you have. My question is: What is your method of calculating the RSI?
Thank you for your help, again.
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Bruce,
I wanted to get back to you to express my appreciation for helping me with the steps used to calculate the ADX. While I did search the Internet, the information was in bits and pieces. It was not arranged in an understandable manner the way you presented it. Thanks again. I'm sure some time in the future, I'll ask another question.
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Yes, I reviewed your two training videos on the ADX indicator. They were very helpful and are one of the reasons I want to investigate further. The pcf formulas posted are far too lengthy to want to use. What I'm looking for is the original formula for the ADX Indicator. I thought that you might have it as it is set up on your software. If there is anyone out there who has the original formula, I would certainly appreciate it.
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I'm interested in the formula for calculating the Average Directional Movement Index. Other than buying Wilder's book, New Concepts in Technical Trading, would you have the formula as the ADX is displayed on your software as one of several indicators. Hopefully, the formula will give me the numbers of +DI and -DI, too. I would like to work with all three numbers.
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Yes, I would like to duplicate Bernstein's technique. He uses a 10-day period for the moving average of the highs and an 8-day period for the moving average of the lows. In other words, how do you do it? Hank
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I picked up a book by Jake Bernstein the other day. In it, he talks about constructing channels. Instead of using the closing prices to construct channels, he uses the daily highs and lows as channel parameters. Can I do this with TC software? If so, how? Hank
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