Giorgos Siligardos’ reverse RSI can be easily implemented in NeuroShell Trader by combining a few of the indicators built into NeuroShell Trader. Alternatively, you may recreate it using the NeuroShell Trader’s ability to call external programs. These programs may be written in C, C++, PowerBasic (also Visual Basic using one of our add-on packages), and Delphi. We’ve recreated the reverse RSI custom indicator.
After downloading the custom indicator, you can insert it by following the instructions below:
1. Select "New Indicator…" from the Insert menu.
2. Select the Custom Indicator category.
3. Select the Reverse RSI
4. Select the Future RSI Value and Wilder Time Periods as you desire.
The output from this indicator is representative of the next period’s close, so if you’re using daily charts, it represent tomorrow’s close.
The NeuroShell Trader Prediction Wizard can guide you through creating a prediction for the next value of the RSI using Ward Systems’ proprietary neural network. While using an exponential moving average or simple moving average may be sufficient, a neural network may provide you with that extra edge to beat the market.
After implementing the reverse RSI, you may combine it with any of our 800 built-in indicators into a chart, prediction, or trading strategy. In addition, if you decide to use this indicator in a prediction or a trading strategy, the coefficients may be optimized by the genetic algorithm built into NeuroShell Trader Professional. This can provide you with your own custom version of the reverse RSI indicator that best fits your data.
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