StockFetcher Forums · Filter Exchange · Bollinger Band of RSI<< 1 2 3 >>Post Follow-up
chetron
2,817 posts
msg #80943
Ignore chetron
10/10/2009 10:11:57 AM

finally....


Fetcher[

/* WSG */
Set{MA20,CMA(rsi(2),20)}
set{SD,cstddev(rsi(2),20)}
set{SD20,2 * SD}
set{BOLU,MA20 + SD20}
set{BOLD,MA20 - SD20}
set{var1,count(rsi(2) below bold,1)}
set{var2,count(rsi(2) above bolu,1)}
set{vplays,var1 + var2}

draw BOLU on plot rsi(2)
draw BOLD on plot rsi(2)

add column var1{buy me}
add column var2{short me}

vplays above .5
CLOSE Above .1
volume above 1000000
]



choymi8828
47 posts
msg #80956
Ignore choymi8828
modified
10/11/2009 2:10:43 AM

Chetron,

I thought the rule is:
When the RSI crosses the LBB it is a buy signal. RSI crossing UBB is sell signal.

The stocks that were filtered using your latest filter today returned a list of stocks that generated a SELL signal when the RSI line crossed the UBB from below. But upon investigation of the stock charts, those SELL stocks (e.g. TEL) should indeed be BUY instead as there was a white bullish engulf candle breaking the mini down trend.

Am I missing something ?

Correct me if I am wrong, thanks.



Mike

chetron
2,817 posts
msg #80959
Ignore chetron
modified
10/11/2009 8:04:49 AM

you are right, the filter was written without any consideration given to candles generated.

chetron
2,817 posts
msg #80960
Ignore chetron
modified
10/11/2009 8:49:27 AM

the previous filter was rsi(2) which is very short term.


this is the rsi(12) whcih is more intermediate term...
candlesthicks are not being considered here......
thanx for the heads up, choymi8828......


Fetcher[


/* WSG */
Set{MA20,CMA(rsi(12),20)}
set{SD,cstddev(rsi(12),20)}
set{SD20,2 * SD}
set{BOLU,MA20 + SD20}
set{BOLD,MA20 - SD20}
set{var1,count(rsi(12) crossed above bold,1)}
set{var2,count(rsi(12) crossed below bolu,1)}
set{vplays,var1 + var2}

draw BOLU on plot rsi(12)
draw BOLD on plot rsi(12)

add column var1{buy me}
add column var2{short me}

vplays above .5
CLOSE Above .1
volume above 1000000
]



choymi8828
47 posts
msg #80970
Ignore choymi8828
10/11/2009 8:06:00 PM

Thanks Chetron, I think you missed the change below in your revision:

draw BOLU on plot rsi(2)
draw BOLD on plot rsi(2)

Should be :
draw BOLU on plot rsi(12)
draw BOLD on plot rsi(12)


Right ?


Mike

four
4,001 posts
msg #116715
Ignore four
11/13/2013 3:25:45 AM

http://www.scribd.com/doc/129484913/Adaptive-RSI

StockFetcher Forums · Filter Exchange · Bollinger Band of RSI<< 1 2 3 >>Post Follow-up

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