Experiments in Technical Analysis

[uma_k]

WISHING ALL MEMBERS
A HAPPY DASERA
​

Hi Anant, Where are you?



*** Uma ***

 

[asnavale]

Hi everybody,

Iwish you all a very successful Dasehera and a very profitable year.

Regards

-Anant

 

[uma_k]

Hey all seniors and stalwarts,

What happened to this thread. No posts for a long time. Please come out with your ideas so that we juniors can learn from your experiences.

Hope to see you people back soon.

*** Uma ***

 

[MERISMA]

TEST
hello

 

[karthikmarar]

Hi Friends

Sharing some thought on RSI.....No, I am not talking about our friend R.S.Iyer... I am refering to one of the most common Indicator Relativ strength Index..

Somehow I have never found it comfortable working with the RSI indicator. Neither I found it very useful though it is quite popular with many. Also I do not subscribe to the concept of RSI as over bought and over sold Indicator.

Few weeks back I had talked about the Normalized Price Oscillator (NPO).
Now let us apply the same principle to the conventional RSI and create a Normalized RSI using the normalization technique with standard deviation.

....oh...statistics .... a subject which I abhored during my college days....now I find the same quite interesting for TA application... I am beating myself for not giving proper attention those days...

Coming back to the normalized RSI (NRSI), the results are quite intertesting. The NRSI is much better readable and produces pronounced divergences. I am posting the result here for you to judge. Combined with the NPO the NRSI would bring out good trades. I have included the NPO and the conventional RSI for comparision.

Waiting for comments...come on...make it a bit interesting guys...

More on the NRSI later...now time to catch a goodnight's sleep..

 

[lvgandhi]

Hi Friends

Sharing some thought on RSI.....No, I am not talking about our friend R.S.Iyer... I am refering to one of the most common Indicator Relativ strength Index..

Somehow I have never found it comfortable working with the RSI indicator. Neither I found it very useful though it is quite popular with many. Also I do not subscribe to the concept of RSI as over bought and over sold Indicator.

Few weeks back I had talked about the Normalized Price Oscillator (NPO).
Now let us apply the same principle to the conventional RSI and create a Normalized RSI using the normalization technique with standard deviation.

....oh...statistics .... a subject which I abhored during my college days....now I find the same quite interesting for TA application... I am beating myself for not giving proper attention those days...

Coming back to the normalized RSI (NRSI), the results are quite intertesting. The NRSI is much better readable and produces pronounced divergences. I am posting the result here for you to judge. Combined with the NPO the NRSI would bring out good trades. I have included the NPO and the conventional RSI for comparision.

Waiting for comments...come on...make it a bit interesting guys...

More on the NRSI later...now time to catch a goodnight's sleep..

First Thanks for sharing your thoughts.
Really interesting.
I may be wrong but I feel that this better divergence can be confirmed if it is seen in few other stock situations.

 

[doctorrahul]

Hi Karthik,

the picture you provided does show mindboggling difference in RSI and NRSI
divergence pattern.
Please give the NRSI afl so that i can try it out on my charts,
( I already have your NPO )

Thanks.

 

[karthikmarar]

mmm... seems I have hit a wall

Rahul, I am enclosing the afl.

Gandhi, you can check yourself...

regards

Karthik

 

[doctorrahul]

Thanks Karthik.

 

[lvgandhi]

mmm... seems I have hit a wall

Rahul, I am enclosing the afl.

Gandhi, you can check yourself...

regards

Karthik

Thanks for the info and file