Quote:
Originally Posted by nabil114
i think demarker indicator is better version of the rsi. maybe you can also need think about sideways market and how your system would predict that!!! if small sideways movement.
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Thanks for the suggestion, I can test it by adding also Demarker indicator as one of the inputs. My intention to use RSI was only as a trend confirmation tool. I should also read about Demarker. I have never used it.
Concerning sideways, the indicator is right now able to be quite when the market is moving side ways (absolute). Any better suggestions (indicators) to improve the side way pattern detection?
Also neural networks are capable of learning any pattern that has to be detected unless and until the model is define well and the inputs given have this information. In my experience with various indicator inputs, I found the currently included indicator inputs work better.
In future I plan to make a table of indicator inputs and their combinations and a comparison of the outputs according to the inputs.
Best Wishes,
Arun