StockFetcher Forums · Filter Exchange · Filter for stochRSI values<< >>Post Follow-up
alp1535
13 posts
msg #56004
Ignore alp1535
10/25/2007 1:01:55 AM

I've been following all the great filters and advice for about 2 years now and i want to say thank you. I'm getting better and better. Right now I am working on a strategy to trade options. Currently, the only way to determine which direction the RSI(2) is going is to draw rsi(2) on the chart. Because i trade the same stock over and over, It would be great to quickly sort and know at a glance which stocks are candidates for a call or put.

There's an indicator, the stochRSI, which shows the position of RSI using values of 0.0 to 1.0.

Could someone create a filter and column heading that would show those values. That way i could just sort the column quickly and know at a glance if the RSI(2) is going up or coming down. Thank you

dwiggains
391 posts
msg #56013
Ignore dwiggains
10/25/2007 10:47:59 AM

close > 5
and volume > 200,000
and add column rsi (2)
and add column rsi (2) 1 day ago
and add column stochrsi (14)
and add column stochrsi (14) 2 days ago

I don't know if this is any help??

See ya
David

alp1535
13 posts
msg #56016
Ignore alp1535
10/25/2007 12:17:39 PM

Thanks David

That's perfect. now i can roll over the symbol see the chart, and check the direction and range of the rsi(2) verses the rsi(2) 1 day ago all at the same time. Brillant!

Actually i don't need the stochRSI column. The rsi(2) and rsi(2) 1 day ago provide all the information i need.
Thanks again Aretha


TheRumpledOne
6,359 posts
msg #56026
Ignore TheRumpledOne
10/25/2007 1:35:48 PM

Fetcher[
close > 5
and volume > 200,000
and add column rsi (2)
and add column rsi (2) 1 day ago {1dayago}
and add column stochrsi (14)
and add column stochrsi (14) 2 days ago {2dayago}


/* profit checker - long only */

set{ LongProfit, high - open}
set{Long10, count(longprofit above .10, 100) }
set{Long50, count(longprofit above .50, 100) }
set{LoseLg, Long10 - Long50}

add column LoseLg
add column LongProfit
add column Long10
add column Long50

and add column cma(longprofit, 100)

/* profit checker - short only */

set{ ShortProfit, open - low }
set{Short10, count(Shortprofit above .10, 100) }
set{Short50, count(Shortprofit above .50, 100) }
set{LoseSh, Short10 - Short50}

add column LoseSh
add column ShortProfit
add column Short10
add column Short50

and add column cma(Shortprofit, 100)



/* VOLUME CALCULATIONS */
set{v, volume 1 day ago}
set{volinc, volume - v}
set{volpc, volinc / v}
set{volpct, volpc * 100}

set{VolZ, days(volume < 1,100)}
set{VolUp, days(volume is below volume 1 day ago,100)}
set{VolDn, days(volume is above volume 1 day ago,100)}
set{VlXvl, VolUp - VolDn}

set{vck1, volume 1 day ago }
set{vck, volume / vck1 }
set{vdbl, days(vck < 2, 100)}

and add column VlXvl
and add column Vdbl
and add column volpct

/* END VOLUME CALCULATIONS */

add column industry

sort column 4 descending

]




clickable

alp1535
13 posts
msg #56034
Ignore alp1535
10/25/2007 9:02:23 PM

THO,
Thanks for adding the profit checker to the filter. That will really streamline my decision making process.

I do have one question however. what does cma(longprofit, 100) and cma(Shortprofit, 100) represent?
Aretha

TheRumpledOne
6,359 posts
msg #56038
Ignore TheRumpledOne
10/26/2007 1:16:41 AM

Q. I do have one question however. what does cma(longprofit, 100) and cma(Shortprofit, 100) represent?

A. cma(longprofit, 100) is the average long profit ( high - open) over the last 100 days. cma(Shortprofit, 100) is the average short profit ( open - low) over the last 100 days. Use these as target profits... best not to get too greedy!!

alp1535
13 posts
msg #56046
Ignore alp1535
10/26/2007 7:59:49 AM

This is totally fabulous.

At a glance i can see the direction of rsi(2) ,
- the ranking in percentages of the # of times stock exceeds .50,
- the long/short profit for that day
- and then the average dollar amount in percentages within 100 days.
Awesome. :) Thanks TRO

TheRumpledOne
6,359 posts
msg #56049
Ignore TheRumpledOne
10/26/2007 8:37:34 AM

"At a glance i can see the direction of rsi(2)"

IT'S THE DIRECTION OF THE PRICE THAT MATTERS... IT'S THE ONLY THING THAT MATTERS.



alp1535
13 posts
msg #56053
Ignore alp1535
10/26/2007 11:03:19 AM

Got it!
thx

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