StockFetcher Forums · Filter Exchange · M4M: FAS and BAC moving in tandem. EOM<< >>Post Follow-up
karennma
6,824 posts
msg #79628
Ignore karennma
9/18/2009 3:49:57 PM

amazing!!


MARY4MONEY
806 posts
msg #79639
Ignore MARY4MONEY
9/18/2009 5:34:53 PM

no its not- fas is the triple bank index---you want to use the dead opposite pairs of etf so you know where every top and bottom is- in other words- one is at bottom of rsi-2 while the other is at the dead top-- the pairs qid-qld skf-xlf tna-tza fas-faz-if we only had the monthly data on here- we could pick every single major top and bottom off like clock work---the next major bottom will be the weekly rsi-2---

wantonellis
102 posts
msg #79665
Ignore wantonellis
modified
9/19/2009 11:20:07 AM



Kevin_in_GA
4,538 posts
msg #79666
Ignore Kevin_in_GA
9/19/2009 12:42:00 PM

Or just take the EMA(20) of q3 rather than the 20 day SMA:

you can approxomate a monthly RSI(2) for any index or stock by using a 20 day average. There are appromomately 20 trading days in a month. For example the monthly RSI(2) for qqqq would be -


Fetcher[
set{q0, ind(qqqq,rsi(2))}
set{q3, CEMA(q0,20)}
add variable q3
draw q3
]




Using this, would anyone have agreed in retrospect that 28 July was the "absolute top of the markets"? The Monthly RSI(2) was as high or higher than it is now, yet we have gone up a good bit since then.

Just checked Bestfreecharts.com - you can get monthly data there very easily. Current monthly RSI(2) for the S&P 500 is at 98.65, which is as high as it has been this year (difference between monthly data and an average from daily data).

Eman93
4,659 posts
msg #79667
Ignore Eman93
9/19/2009 1:36:06 PM

For monthly RSI(2) on QQQQ

I get 99.4 on my monthly chart scale...

mystiq
650 posts
msg #79701
Ignore mystiq
9/20/2009 3:25:36 AM

wantonellis
- Ignore wantonellis
modified 9/19/2009 11:20:07 AM
you can approxomate a monthly RSI(2) for any index or stock by using a 20 day average. There are appromomately 20 trading days in a month. For example the monthly RSI(2) for qqqq would be -
Fetcher[
set{q0, ind(qqqq,rsi(2))}
set{q1, sum(q0,20)}
set{q3, q1 / 20}
add variable q3
draw q3
]


Kevin_in_GA
- Ignore Kevin_in_GA 9/19/2009 12:42:00 PM
Or just take the EMA(20) of q3 rather than the 20 day SMA:
you can approxomate a monthly RSI(2) for any index or stock by using a 20 day average. There are appromomately 20 trading days in a month. For example the monthly RSI(2) for qqqq would be -
Fetcher[
set{q0, ind(qqqq,rsi(2))}
set{q3, CEMA(q0,20)}
add variable q3
draw q3
]


%%%%%%%%%%%%%%>>>great idea. is there a way to have this added to the returns from a filter??

StockFetcher Forums · Filter Exchange · M4M: FAS and BAC moving in tandem. EOM<< >>Post Follow-up

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