Registered User
Joined: 6/5/2013
Posts: 15
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Hello Bruce,
Under a topic called "RSI Scan" you wrote MIN(RSI2.1.1,7) < RSI2. How do you interpret this?
RSI2 = 2-day RSI (assume we are looking at a daily chart)
.1 = yesterday's RSI
1,7 = does this mean from yesterday to 7 days before yesterday?
You were showing the subscriber how to write the minimum value of the RSI2 over the past 7 days, beginning with yesterday. Which tutorial shows you how to write a condition over the past x number of days?
Why do you need the .1?
Thank you.
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Administration
Joined: 9/30/2004
Posts: 9,187
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MIN(RSI2.1.1,7) is the minimum RSI value for the previous 7 bars with a period of 2, smoothing average 1, as of 1 bar ago. So it's basically looking for the minimum RSI value over the previous 7 bars (not including the current bar).
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Registered User
Joined: 6/5/2013
Posts: 15
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Thank you.
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