StockFetcher Forums · Filter Exchange · Another RSI(2) filter<< >>Post Follow-up
scott111552
148 posts
msg #90468
Ignore scott111552
3/27/2010 5:26:30 PM

Here's another challenge for all you RSI(2) devotees.....
RSI(2) closes below 25 for 2 consecutive days
and also closes above 200 SMA

any help with this filter is greatly appreciated....
Scott

Kevin_in_GA
4,539 posts
msg #90471
Ignore Kevin_in_GA
3/27/2010 6:23:16 PM

Fetcher[

close above MA(200)
sum(RSI(2),2) below 50
]



1732 hits. I would look at a more stringent set of filter criteria, such as

Fetcher[

close above MA(200)
close above 1
average volume(30) above 250000
sum(RSI(2),5) below 50

add column sum(RSI(2),5)
sort on column 5 ascending
]



23 hits.

Kevin

scott111552
148 posts
msg #90500
Ignore scott111552
3/28/2010 9:31:17 AM

Thank you so much, Kevin....The basis for this filter can be found in Richard Miller's article at TradingMarkets.com, "Trading Pullbacks in Wall Street's Best Stocks".....Interesting reading........

jeppharmer
2 posts
msg #90501
Ignore jeppharmer
3/28/2010 10:41:59 AM

Apply it to ETFs and you have the entry criteria for Connor's TPS strategy. There is a book for sale (High Probability ETF Trading) and a high price subscription service but most of the basics is in a free download.
http://store.tradingmarkets.com/free/download/how-to-trade-etf-funds-successfully.html

There were recent discussions in the forums that are worth a read ..
ETFs
General stocks

Also, there is a website based on the ETF TPS strategy
http://etf-stock-trading.com/

StockFetcher Forums · Filter Exchange · Another RSI(2) filter<< >>Post Follow-up

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