StockFetcher Forums · Filter Exchange · Bongo Indicator<< >>Post Follow-up
101 posts
msg #97120
Ignore campbellb75
10/20/2010 5:36:30 PM

I'm in the process of trying to develop a filter based on the Bongo indicator described in this article:

Here's what I have so far:

apply to symlist(GLD)

set{RSIa, count(RSI(8) above RSI(19),1)}
set{RSIb, count(RSI(14) above RSI(19),1)}
set{RSIc, RSIa + RSIb}
set{RSId, count(RSIc >= 1,1)}
set{priceMA9, count(close above MA(9),1)}
set{RSIpriceMA, RSIc * priceMA9}
set{RSIpriceTotal, count(RSIpriceMA >= 2,1)}

set{wkRSIa, count(weekly RSI(8) above weekly RSI(19),1)}
set{wkRSIb, count(weekly RSI(14) above weekly RSI(19),1)}
set{wkRSIc, wkRSIa + wkRSIb}
set{wkRSId, count(wkRSIc >= 1,1)}
set{wkpriceMA9, count(close above weekly MA(9),1)}
set{wkRSIpriceMA, wkRSIc * wkpriceMA9}
set{wkRSIpriceTotal, count(wkRSIpriceMA >= 2,1)}

draw MA(9)
draw weekly MA(9)
draw RSIpriceTotal on plot trigger
draw wkRSIpriceTotal on plot trigger2

add column MA(9)
add column RSI(8)
add column RSI(14)
add column RSI(19)
add column RSIc
add column weekly MA(9)
add column weekly RSI(8)
add column weekly RSI(14)
add column weekly RSI(19)
add column wkRSIc

I modified the Bongo indicator described in the article so one or both RSI(8) and RSI(14) have to be greater than RSI(19). Where I'm running into some issues is with the weekly Bongo indicator that I tried to add on. As you'll see with GLD, the weekly triggered off and on throughout Sept and Oct. However, the majority of the time it should have been positive. For example, on 10/1 it's not confirming that the 8 and 14 RSIs are greater than the 19 and the close is greater than the MA(9), but it should be confirming that trigger. Any thoughts on where I went wrong in the filter? I'm still learning, so any insight is appreciated.


101 posts
msg #97188
Ignore campbellb75
10/25/2010 5:58:47 PM

Can anyone help correct the weekly RSI portion of this filter?

60 posts
msg #97195
Ignore durgin
10/25/2010 9:19:58 PM

StockFetcher Advanced is needed to run this filter and that excludes many of us.

101 posts
msg #97209
Ignore campbellb75
10/26/2010 9:06:34 PM

Really? I don't know why it only works for SF Advanced users since it's not a complex filter.

StockFetcher Forums · Filter Exchange · Bongo Indicator<< >>Post Follow-up

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