// Downloaded From https://www.WiseStockTrader.com // Provided as is by www.AlvarezQuantTrading.com /////////////////// Reverse RSI Calculator //////////////////////// // Determines the closing value of a stock need to reach a particular RSI value function ReverseRSI(nLen, rsiTarget) { gain = Max(C-Ref(C,-1), 0); loss = -Min(C-Ref(C,-1), 0); rsGain = IIf(BarIndex() < nLen-1,Null, IIf(BarIndex()==nLen-1, MA(gain, nLen), gain)); rsLoss = IIf(BarIndex() < nLen-1,Null, IIf(BarIndex()==nLen-1, MA(Loss,nLen), Loss)); rsGain = AMA(rsGain, 1/nLen); rsLoss = AMA(rsLoss, 1/nLen); RSIcalc = IIf(BarIndex()<nLen-1, Null, 100*rsGain/(rsGain+rsLoss)); targetPrice = IIf( (rsiTarget < RSI(nLen)), C-100*(((nLen-1)*rsGain)/rsiTarget)+((nLen-1)*rsGain)+((nLen-1)*rsLoss), C+((rsiTarget/(100-rsiTarget)*((nLen-1)*rsLoss))-((nLen-1)*rsGain)) ); return targetPrice; } Filter = TRUE ; AddColumn(C,"Close"); AddColumn(RSI(2), "RSI2"); AddColumn(ReverseRSI(2, 30),"RSI30-Next Day Price",1.3); AddColumn(ReverseRSI(2, 70),"RSI70-Next Day Price",1.3);