StockFetcher Forums · Filter Exchange · In the spirit of RSI Divergences<< 1 2 >>Post Follow-up
22 posts
msg #103912
Ignore JinNJ46
12/21/2011 9:34:59 AM

Assuming the weeklies are derived from the dailies, logic dictates we put a BIG SUSPECT! on a whole bunch of data! If you have any empirical study on the quality of this data please share it. I personaly have not experienced any issues...yet.

1 posts
msg #103916
Ignore jerseytrdr
12/21/2011 11:35:22 AM

I've found the weekly data to be quite reliable. What sort of issues are you finding? As long as you phrase your filter properly and view using the right chart type - all looks good to me.

4,577 posts
msg #103928
Ignore Eman93
12/21/2011 10:24:47 PM

13 posts
msg #103908
- Ignore JinNJ46 12/21/2011 8:04:13 AM

Thanks so much for sharing. I see you filter screens for:

1. Stocks reahing a new low
2. An uptrending RSI for the period of 10 weeks ago - 3 weeks ago

This would represent a divergence of sorts. However, I do not see the correlation of RSI between today and 3 or 10 weeks in the past. I only see #2 above. Perhaps you meant to incude that analysis but didn't since the variable rmda seems to be an orphan

set{rmda, rslo - rstoday}

Is it a coincidence that today's RSI continues the uptrend?!

many thanks.

Its hard to do because what we are looking for is a chart where Price has made a lower low than the last dip--- but the RSI is higher than it was on that last dip... you cant screen out the 3 week low being higher than todays low because todays low is now the 3 week low..... thats the problem with SF.. this is the best i could do.. you need look at each chart and see if price is lower than the last dip.. and then you have a positive divergence......

4,577 posts
msg #103929
Ignore Eman93
12/21/2011 10:35:58 PM

It will find stocks like HDB..

But it did not bounce because of a divergence .. it bounced because the market did.

12 posts
msg #103932
Ignore mhome
12/22/2011 4:00:47 AM

What about detecting SPY vs VIX "divergences"? Usually as SPY goes up, the VIX goes down and vice versa. When SPY & VIX goes in the same way, it could trigger an alert that perhaps something unusual is going on...

Anyone able to code this? :)

22 posts
msg #103940
Ignore JinNJ46
12/22/2011 10:24:58 AM


Thanks for your help and insight. Yes, I'm learning there are limitations to SF screening. In many cases, the difficult and cumbersome filters are best accomodated with a SF screen and then a Excel analysis or VBA program. In any case....

In your opinion, are we losing something by filtering for "higher highs" and comparing to RSI, since RSI is based on closing prices and doesn't account for intraday movement ?!? Maybe the IMI can shed some light on the matter. Thoughts?!

4,577 posts
msg #103982
Ignore Eman93
12/23/2011 5:17:52 PM

draw MA(20)
draw MA(50)
set{relstrength, roc(11,1) - ind(iwm, roc(11,1))}

add column Volume 1 day ago {Vol 1 day ago}
add column rsi(2) 1 day ago { RSI(2) 1 day ago}
add column rsi(2)
ADD COLUMN relstrength {relative strength}

do not draw relstrength
do not draw RSI(7)
do not draw RSI(2)
do not draw Money Flow Index(5)

draw ind(tna,money flow index(5)) on plot ind(tza, money flow index(5))

StockFetcher Forums · Filter Exchange · In the spirit of RSI Divergences<< 1 2 >>Post Follow-up

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