Tech Question

[cunicu]

This one has me pulling my hair out, As of Friday I am unable to login to one of my live accounts from my home pc.
I have 3 brokers platforms I can login to the others & can even login on to same broker demo platform as well.
Originally I thought could be a broker live server problem but can log on with VPS so no problem there.
I suspect some sort of network setting maybe I run Win XP, ADSL connection.
Any ideas anyone I know Pierre had some problem as well not sure if related though.

Cheers

[PabloOnFX]

Strange, I had the same/similar problem on Friday too.

To the point I reinstalled the metatrader software and repointed it to my account.

So far its worked without any further problems but I did have to set all my charts and alerts up again.

Pablo

[Pierre]

Strange, I had the same/similar problem on Friday too.

To the point I reinstalled the metatrader software and repointed it to my account.

So far its worked without any further problems but I did have to set all my charts and alerts up again.

Pablo

Same here ---i coudent lock into 3 platforms -----my admiral platform crached totaly ---also had to re install this one........it pissed me of totaly ----here is that RSI pablo

Pierre

[Trade Spotting]

Hi guys,

RE: RSI

I've been looking into RSI.

Does anyone know if an RSI of, say, 90 is equivalent in any way to a Relative Strength of 90?

Thanks,
Mary

[PabloOnFX]

Hi Mary,
the answer is yes, its the same thing.
Pablo

RSI Expert Usage Review
by Valeria Bednarik


The Relative Strength Index measures the strength of offer and demand. It is expressed as a percentage, meaning it is an oscillator that moves between a certain range of 0 and 100, with 50 (50 %) being a neutral zone.
As you can see in a classic chart, you will find the quotation in the upper side, the traded volume in the lower one, and, right in the middle, the sub charts with technical indicators.
The RSI oscillates between 0 (zero per cent) and 100 (one hundred per cent) while in the middle, at 50 %, we say price action is neutral. This neutral area means that both demand and offer strength are practically equal, and there is no defined trend.
But when the RSI moves away from this neutral zone and approaches the higher zone (above the 70 level) it is showing us that the demand strength is more important than the offer one. Additionally, we can understand that at this point the demand strength is excessive and close to an end and ready to change direction with offer getting stronger turning the RSI upside down.
When this happens, we say the pair under study is overbought and is giving a selling signal. On the other hand, if the RSI moves close to the zero percent, we understood the asset or currency is oversold, and then we have a good buying signal.
So the issue here is to watch how the RSI moves regarding the neutral zone around the 50 line: as long as is up, it is overbought; below that line it is oversold, yet we have to wait for RSI to be far enough to take a position. Of course, the farther away it is, the better the signal.
Practically, we have to draw symmetrical horizontal lines inside the indicator chart, starting from the middle 50 line, adding two more lines, typically at 30 and 70. We now have three levels: 70, 50 and 30. We know now that under 30 or above 70 the pair is oversold and overbought, and we are close to getting a signal. The important thing here is that, as 30 and 70 are just fixed levels that guide us, we have to take a second step to find the best entry point. We have to check in the chart under study, the historical maximums and minimums accomplished by the indicator in order to find the point where we can reduce our exposure and have higher probabilities on our side. A more conservative way to set the lines will be 80 and 20, which is recommended for more volatile pairs.
We say that the RSI shows us higher buying or selling probabilities, but as important as that is, it is also worth taking note of the trend change of the indicator, meaning when you can clearly see peaks both up or down that you can show us the end of a trend and so these peaks are marking probable maximums or minimums in price. It is important to take note that such peaks should have a “V” shape; rounded ones should be discarded as they tend to give fakes signals.
The problem with these trend changes is that many times they don’t have continuity and quickly change direction. The best way to filter this is to analyze the indicator chart by drawing channels, support or resistances lines in the indicator itself.
This indicator is not recommended for pairs with a large intra-day range as they tend to saturate at the extremes without confirming it for real if the trend is over. Only a break back inside the zone will confirm usually the exhaustion and reversal; this way, taking a trade will likely be taken a bit late yet with higher chances of positive results.
Another way to determinate probable tops and bottoms is using candlestick analysis in daily or bigger time frames to filter the indicator. For more volatile pairs, traders can analyze historical charts that include at least 300 last candles and set specific levels for a determinate pair in a particular time frame and change the levels to more accurate ones.

[Trade Spotting]

Hi Pablo,

Thanks for this. Just checking in with you a tiny bit more though.

I have found a definition for Relative Strength on 'Investorwords' and have quoted this below. It also states how Rel Stregth is calculated. For stocks, they are compared to an overall index eg, S&P 500.

Just wondering if RSI is calculated relative to a stock index as well? Do you know if RSI is calculated the same way? If so, then, obviously, they are mutually compatible terms.

Definition of Relative Strength (from Investorwords):
A stock's price change over a period of time relative to that of a market index, such as the S&P 500. The relative strength of a stock is calculated by taking the percentagepricechange of a stock over a set period of time and ranking it on a scale of 1 to 100 against all other stocks on the market, with 1 being worst and 100 being best. For example, a stock with a relative strength of 90 has experienced a greater increase in its price over the last year than the price increases experienced by 90% of all other stocks on the market. Some technical analysts, especially momentum investors, like stocks with high relative strength rankings, believing that stocks which have recently gone up are more likely to continue going up. Other technical analysts believe that a very high relative strength can be an indication that the stock is overbought and is ready to fall. Relative strength is really a "rear view mirror" metric, measuring only how the stock has done in the past, not how it will do in the future.

I then wonder how RSI is measured for FX pairs? What FX index, if any, are pairs compared to?

Lots of questions...sorry Pablo. You'll probably be sorry you replied in the first place!

Thank you.

Mary

[PabloOnFX]

Mary,

I didn't mean to mislead you but RSI is not the same as Relative Strength when referring to Stock Charts.

Better to learn from here than have me confuse you more..............

Relative Strength Index - Wikipedia, the free encyclopedia

Relative strength - Wikipedia, the free encyclopedia

Pablo

[capsmart]

Hi Mary
The forex RSI is what Pablo says. It is not compared to some index.
There is an indicator that has a similar name that measures the different pairs and in theory you would trade the strongest and the weakest.
You can read the following post in forex factory. It has the indicators needed and the theory.
Relative Strength Basket Trading System @ Forex Factory
Personally I do not like the idea.

[Trade Spotting]

Aaahhh!

Thanks guys.

I'm actually trying to set up my stocks scanner to scan for 'high relative strength stocks'. I'm not sure how to do this though. That is, I'm not sure what available parameters or filters are best to use.

Have been trying to find out how 'RSI' related to 'relative strength', if at all.

Back to square one now though :-(