StockFetcher Forums · Filter Exchange · RSI(2) - The Little Indicator That Could<< 1 ... 16 17 18 19 20 ... 26 >>Post Follow-up
rsarno
103 posts
msg #35528
Ignore rsarno
4/4/2005 5:02:42 PM

"will someone just post the RSI(2) filter that the rumpledone has been using and has been successful?"

i might be wrong, but i think he just uses:

show stocks where RSI(2) < 1

add your own volume/price conditions, and do your own DD.

again i might be wrong, all i know is if you ask him about ANYTHING like "hey did you see that yankee game?" his response is "keep it simple, rsi below 1"

lol!



knowsenough
54 posts
msg #35529
Ignore knowsenough
4/4/2005 10:24:39 PM

It's buried in this thread in one of the earlier pages but I'm certain he and his followers use a better version. Here is the original write...

rsi(2) equals rsi(2) 200 day low
and 200 day slope of the close above 0
and close above 0.01 and Average Volume(10) is above 300000
and volume above 300000
and date offset is 0

A 3 day offset reveals...
Performance results for your filter covering the dates:
Wednesday March 30, 2005 to Monday April 4, 2005

Change Offset 3
Results For Next...

1 Day +1.16% Overall Adv(%) 10 @ (+3.20%) 5 @ (-2.68%) 1 UNCH
2 Days +5.38% Overall Adv(%) 9 @ (+10.31%) 5 @ (-1.36%) 2 UNCH
3 Days +4.01% Overall Adv(%) 7 @ (+12.25%) 9 @ (-2.41%) 0 UNCH
16 matching stocks

I used a 3 day offset because that seems to be it's best % yield recently. Just for fun seeing the sheer volume of posts to this thread showing huge interest, I wrote a new script tonight and used RSI(2) at a 1 month low with 7 lines of TA crap I use and got this...
Performance results for your filter covering the dates:
Wednesday March 30, 2005 to Monday April 4, 2005
Change Offset 3
Results For Next...

1 Day +2.70% Overall Adv(%) 12 @ (+7.93%) 6 @ (-7.29%) 1 UNCH
2 Days +5.68% Overall Adv(%) 11 @ (+11.96%) 6 @ (-3.96%) 2 UNCH
3 Days +8.06% Overall Adv(%) 12 @ (+14.95%) 6 @ (-4.39%) 1 UNCH
19 matching stocks

I guess to be fair though one would need to use the same price range return. I used .20 - 6.38 in the later screen. Had I ran the RSI(2) screen with that limit the % return would be a (2) day best of 5.08%. There is a lot to trading the stocks correctly and I'm sure there is some better returns in the secret screen they use, but it appears to be fine in it's original write and can easily be improved to suit anyone's needs.




TheRumpledOne
6,362 posts
msg #35530
Ignore TheRumpledOne
4/4/2005 11:22:18 PM

There is no "secret" RSI(2) filter...

RSI(2) < 1 is at the core.

Price, volume, or anything else is just up to the individual.

Track the QQQQ with RSI(2) < 1 and you tell me, does it get you in at the bottom?

MAY ALL YOUR FILLS BE COMPLETE.


corsino
259 posts
msg #35565
Ignore corsino
4/10/2005 7:32:45 PM

ONE-WEEK RSI (2) FILTER

Since I had accummulated over two dozen filters gathered from various sources,I needed to thin them out.So I ran a rather unscientific backtest for the last 3 months. Comparing the results for a one-week holding period, and getting a new sample every ten days, for a total of seven samples, up to 8 days ago.This is the filter that performed the best, having 4 up weeks, 2 down weeks,and 1 week with no stocks. Accummulated result was +57.42 %.
No other of my filters came even close.

Show stocks where RSI(2)<1 and
average volume (10) is above 300000 and
close is between 0.5 and 3 and
close more than 10% below close 1 day ago

Reducing the volume to "above 50000" resulted in more picks, but lower percentage gain.

This was a purely mechanical comparison,using all the stocks from the scans.






TheRumpledOne
6,362 posts
msg #35634
Ignore TheRumpledOne
4/17/2005 12:37:59 AM

I guess now that SF has backtesting, the rsi(2) doubters can see for themselves the power of rsi(2).




TheRumpledOne
6,362 posts
msg #35643
Ignore TheRumpledOne
4/17/2005 6:19:25 PM

OK, check out these stocks:

Symbol Last
BOOM $24.15
SCHN $27.10
FFIV $44.17
SINA $27.35
MRVL $32.92
ADBE $60.66
CRDN $18.46

RSI(2) < 1 and all in linear regression uptrends.

Just wait for green!


Let's see what happens to these stocks.



TheRumpledOne
6,362 posts
msg #35644
Ignore TheRumpledOne
4/17/2005 6:29:45 PM

Symbol Last rsi(2) N days low
ADBE 60.66 200
BOOM 24.15 200
FFIV 44.17 200
MRVL 32.92 200
QLGC 34.87 200
SCHN 27.1 200
AAPL 35.35 50
CTSH 39.94 50
MERQ 42.88 50
SINA 27.35 50
TSRA 38.7 50
KLAC 40.36 50
TZOO 31.35 50

All above are in uptrends with either a rsi(2) 200 or 50 day low.

Wait for green and load the boat.



TheRumpledOne
6,362 posts
msg #35645
Ignore TheRumpledOne
4/17/2005 6:52:29 PM

Stocks under $20, RSI(2) < 1, Linear Regression Uptrend

Symbol Last RSI(2) N day low
FUEL 1.77 200
ICOC 2.8 200
ENTG 8.24 200
MDKI 9.22 200
LGF 9.59 200
IAF 10.54 200
GGB 14.13 200
EWC 16.73 200
AVT 16.86 200
GDP 17 200
MEOH 17.34 200

KANA 1.49 50
IINT 2.05 50
IVAN 2.21 50
LSCC 4.48 50
AGU 16.4 50
MAT 18.67 50

BGO 2.19 13
CYE 7.95 13
AUDC 9.07 13
EWJ 10.07 13
FLEX 10.45 13
HELX 13.87 13
ASMI 14.48 13
MDG 15.04 13
CRDN 18.46 13

ALTI 2.81 5
KGC 5.3 5

This is going to be one heck of a watch list the next 1 - 8 weeks!




corsino
259 posts
msg #35646
Ignore corsino
4/17/2005 9:26:44 PM

Rumpled One

WOW ! Your filter sure spits out a lot of stocks
The RSI (2) filter I posted earlier only spits out two:

ALTI @ 2.81
MCZ @ 1.24

Of course it's only for $3 and under stocks, and is no doubt a little different than what you are using.

I do have a filter that you posted some time back, and it spits out these $3 and under stocks :
ALTI
IVAN
MCZ
KANA
AUY
EGO
ACDI
FUEL

Several of these stocks are on your present list too.


TheRumpledOne
6,362 posts
msg #35648
Ignore TheRumpledOne
4/18/2005 12:22:57 AM

I use more than one rsi(2) filter...

And I use chose close above .01 so I get lots of stocks...

I download the data to EXCEL because then I can sort on MORE THAN ONE COLUMN (hint SF let us sort on more than one column).

But if your rsi(2) filter works for you... keep using it! You don't have to write a new filter every day/week/month/year.

Most of my filter writing has been in improving the displays but the "guts" have almost always been the same... RSI(2) < N!!

But the WHITE CANDLE PIERCING UPPER BOLLINGER filter I wrote (see TXTrapper post) seems to be providing profitable trades.

The Volume and Price Spike filters are also identifying profitable trades.

Funny this is RSI(2) always gives a heads up on these stocks... ALWAYS!

Either off RSI(2) < 1 or a RSI(2) positive divergence.

Check the yearly/weekly QQQQ chart now... See the RSI(2) positive divergence? Bounce coming soon!






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