StockFetcher Forums · Filter Exchange · RSI(2) REVISITED<< 1 ... 4 5 6 7 8 ... 12 >>Post Follow-up
contrahawk
68 posts
msg #60393
Ignore contrahawk
modified
3/11/2008 3:22:14 PM

I keep stats on RIMM. I am not conversant with this filter of The Rumpled One's.

Here are some facts about RIMM:

Since 11-21-2005, there have been 137 days where RIMM has closed with RSI(2) equal to or less than 25.

On 123 of those occasions, RIMM made an intraday high the following day that was above that [prior day's] close. This is 90%.

The average amount by which that high exceeded the [prior day's] close was $2.73.

Can you make any money knowing this?

Jim

welliott111
98 posts
msg #60395
Ignore welliott111
3/11/2008 3:51:35 PM

cmeade2


Many thanks for for sharing your filter. I've been attempting something similar to this for a while now. I foresee this being a huge weapon in many arsenals. Thanks again dude !!!

klynn55
425 posts
msg #60399
Ignore klynn55
3/11/2008 5:09:02 PM

Con: did you say intraday, i thought the filter was for EOD, was that inferred or explained somewhere? thats a hell of an inference! Does stockfetcher use intraday data?

contrahawk
68 posts
msg #60403
Ignore contrahawk
3/11/2008 10:05:43 PM

I said "intraday". . . .I also said that I had no familiarity with the filter written by The Rumpled One. . . .I note, though, that HE says it provides the day trader and short swing trader with an edge. . . .any time one has OHLC data, two of those are intraday.

Jim

klynn55
425 posts
msg #60407
Ignore klynn55
3/12/2008 10:07:19 AM

Here are some facts about RIMM:
Since 11-21-2005, there have been 137 days where RIMM has closed with RSI(2) equal to or less than 25.
On 123 of those occasions, RIMM made an intraday high the following day that was above that [prior day's] close. This is 90%.
The average amount by which that high exceeded the [prior day's] close was $2.73.

Contra; how about posting that scan/ filter, see how easy it is to be appreciated, all you have to do is be lucid.

klynn55
425 posts
msg #60408
Ignore klynn55
3/12/2008 10:35:21 AM

chetron; could you please define your columns and the purpose of each, thank you! your filter of 3/11/2008, that is. i wonder how many here are like me, an amateur who wants to learn and so is confused by terms such as POPCOUNT?


chetron
2,817 posts
msg #60413
Ignore chetron
3/12/2008 11:52:58 AM

sorry klynn,
that's cmeade2 filter. i just make them clickable.





cmeade2
9 posts
msg #60415
Ignore cmeade2
3/12/2008 12:10:49 PM

popcount= # of times in past 100 days the stock price "popped" above the open to the predetermined level when rsi(2) fell below the threshold value on the previous day (3% above the open for rsi(2) below 10 in the previous posted version)

rs100= total # of times in past 100 days rsi(2) fell below the threshold value for a particular stock

successratio= the ratio of the above. It tells you what fraction of the time the stock "popped" when it reached the rsi(2) threshold

hi100= today's difference between the high and the open in %



contrahawk
68 posts
msg #60416
Ignore contrahawk
3/12/2008 1:02:58 PM

No, I have an Excel database not a "scan" or "filter". However, if you set up a SF watchlist "RinMotion" with the one stock, RIMM, in it and use the following filter

Fetcher[
set{indic,RSI(2) 1 day ago}
set{potl,High-Close 1 day ago}
indic < 25
add column indic
add column High
add column Close 1 day ago{prev}
add column potl
apply to watchlist(RinMotion)
]



you can check it out a day at a time.

Jim

cmeade2
9 posts
msg #60417
Ignore cmeade2
3/12/2008 1:23:57 PM

Contrahawk

There are two potential areas for disagreement

1) Stockfetcher only lets you look at the statistics for the past 100 days (hint hint, it would be great if they would increase this parameter). It's possible for Rimm that the behavior in this period is different from the record over the past 2-3 years.

2) You are talking about the difference between the close and the next day's high. The filter I posted looked at the difference between the open and the high. For some people, this is better approach, because you don't have the risk of holding the stock over night.

Making a few changes to the filter to reflect your strategy, I see that if you buy Rimm at the close when rsi(2) falls below 10, the next day's high will be at least 2% greater, 85% of the time.



StockFetcher Forums · Filter Exchange · RSI(2) REVISITED<< 1 ... 4 5 6 7 8 ... 12 >>Post Follow-up

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