StockFetcher Forums · Filter Exchange · RSI(2) Filter Ideas Needed<< >>Post Follow-up
semovente
17 posts
msg #81375
Ignore semovente
10/19/2009 10:49:56 AM

Just signed up for stockfetcher and am looking at different strategies one of which is the rsi(2) as espoused by Larry Connors.
I realize it is a very simple screen but was wondering if it could be improved by creating a filter whereby the following would be added:

- rsi(2) value less than 10 (or 5)
- rsi(2) slope is 0 (I have noticed that the slope of the rsi(2) tends to flatten before bouncing above the trigger line
- stock is above ma(200) or (100 might catch a few more)
- parabolic buy signal
- trend is bullish (aroon oscillator positive) for n days (n=2 say)

Is this too much to ask for in that very few stocks would meet this?
Which of these filters could be relaxed or is unlikely/redundant?

Thanks in advance,

.vp

karennma
6,831 posts
msg #81378
Ignore karennma
modified
10/19/2009 1:27:40 PM

Your request sounds like an old TRO filter.

Here's something weird ... a slope of the rsi(2).
However, it doesn't necessarily mean the stock has bottomed.

Fetcher[
5 day slope rsi(2) is < -20
Average Volume(30) > 2000000
close > 1
sort column 4 descending
]



trendscanner
265 posts
msg #81407
Ignore trendscanner
10/19/2009 8:45:44 PM

What rsi(2) screen, filter, or criteria does Larry Conner recommend using?

Here's a rough filter with your criteria. The first 3 lines find a number of stocks. The number drops considerably when you add the SAR. With the Aroon line active, it doesn't find any hits.

Fetcher[
rsi(2) below 5 within the last 10 days
2 day slope of rsi(2) < 0.01 within last 10 days
close above ma(100)
Parabolic SAR(0.02,0.2) increasing for last 1 day
/*Aroon Oscillator(25) crossed above 0 within last 1 day*/
]



It may be difficult to find a situation where rsi(2) is below 10 or 5 and the slope is flat-lined and then suddenly find
Aroon or Parabolic SAR in an immediate uptrend. But who knows, you might find something from this.

semovente
17 posts
msg #81411
Ignore semovente
10/19/2009 9:30:58 PM

By simply relaxing the wait period to 2 days yields considerably more results - thanks!.

I suspected that the setups I was looking at would be too restrictive.

.vp



semovente
17 posts
msg #81451
Ignore semovente
10/20/2009 2:48:01 PM

Found this on the Public Filter list:

http://forums.stockfetcher.com/sfforums/?q=post&fid=1002&tid=81375&qrid=1256064317

The author identifies this as a bouncing filter with an rsi(2)-type trigger.

.vp

MARY4MONEY
806 posts
msg #81452
Ignore MARY4MONEY
10/20/2009 4:07:27 PM

LARRY CONNORS STOLE IT FROM ME IN 2002- IM THE ONE THAT TOLD HIM ABOUT IT

TheRumpledOne
6,362 posts
msg #81454
Ignore TheRumpledOne
10/20/2009 4:46:54 PM

That is correct because I learned it from Mary4Money back then, too.

alf44
2,025 posts
msg #81455
Ignore alf44
10/20/2009 4:53:29 PM

...I thought you learned it from "holy grail" !

Oh what a tangled web we weave...


TheRumpledOne
6,362 posts
msg #81475
Ignore TheRumpledOne
10/20/2009 11:39:49 PM

They are the same person...LOL!!

I thought you knew that.

StockFetcher Forums · Filter Exchange · RSI(2) Filter Ideas Needed<< >>Post Follow-up

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