StockFetcher Forums · Filter Exchange · RSI(2) - The Little Indicator That Could<< 1 ... 18 19 20 21 22 ... 26 >>Post Follow-up
TheRumpledOne
6,362 posts
msg #35679
Ignore TheRumpledOne
4/21/2005 1:56:13 AM

Marine2... I don't have any website or anything for sale. I told you that once before. What is the reason you persist in saying otherwise?

EMA(5) is a great addition to RSI(2)... After a stock hits RSI(2) < 1, you then wait for the price to cross above the EMA(5) then you can SAFELY LOAD THE BOAT.

Sometimes a stock hits RSI(2) < 1 only to go up and drop again usually exhibiting positive divergence... then when it clears the EMA(5), it is OFF TO THE RACES!!

Fetcher[/* FORMER RSI(2) < 1 NOW CLEARING EMA(5) FILTER */
set{R2a,days(rsi(2) is below 1,30)}
R2a above 0
close above ema(5)
close 1 day ago below ema(5) 1 day ago
volume above 100000
close above 1
close below 200
add column rsi(2)
add column R2a
add column ema(5)
draw ema(5)
]



Study the chart patterns of the stocks this filter returns.

Go ahead, backtest it and post the results.

MAY ALL YOUR FILLS BE COMPLETE.


TheRumpledOne
6,362 posts
msg #35685
Ignore TheRumpledOne
4/21/2005 9:19:20 AM

This gives you notice that they are on the way up!

/* FORMER RSI(2) < 1, CLOSE ABOVE OPEN AND CLOSE < EMA 5 */
set{R2a,days(rsi(2) is below 1,30)}
R2a above 0
close above open
close below ema(5)
volume above 100000
close above 1
close below 200
add column rsi(2)
add column R2a
add column ema(5)
draw ema(5)


TheRumpledOne
6,362 posts
msg #35686
Ignore TheRumpledOne
4/21/2005 9:21:35 AM

Whoops, forgot to preview..lol

Fetcher[/* FORMER RSI(2) < 1, CLOSE ABOVE OPEN AND CLOSE < EMA 5 */
set{R2a,days(rsi(2) is below 1,30)}
R2a above 0
close above open
close below ema(5)
volume above 100000
close above 1
close below 200
add column rsi(2)
add column R2a
add column ema(5)
draw ema(5)
sort column 5 ascending
]



MAY ALL YOUR FILLS BE COMPLETE


marine2
829 posts
msg #35712
Ignore marine2
4/23/2005 1:53:16 PM

Thanks TheRumpledOne in bringing me up-to-date again on that no web site fact. Goodluck in all your trading! Thanks again, for helping the forum here, in your own unique way.

Trading is an art and not a hobby.


marine2
829 posts
msg #35770
Ignore marine2
4/27/2005 1:15:23 AM

TheRumpledOne, yes, your RSI(2) tool does work because with the new backtest now in place I capture 86% success between a period of first of the year to now. Not bad huh.




judgetrade
107 posts
msg #35787
Ignore judgetrade
4/28/2005 4:29:34 PM

marine2,

that is impressive! Do you post your filter :-) (I get only 60%) within the last year.


marine2
829 posts
msg #35797
Ignore marine2
4/29/2005 1:04:50 AM

judgetrade, Utilizing SF's new backtest tool I had an 86% win rating and only 14% loss rating on one of my RSI(2) filters. We all use different criteria for our individual filter creations so what I use for that one must be one of the best ones out there. I would like to know if someone can beat that one?

Remember the key is to use a good exit command. That is what creates the more successful filters.


TheRumpledOne
6,362 posts
msg #35961
Ignore TheRumpledOne
5/10/2005 6:33:19 PM

On 5/9/2005 at the close $36.03, QQQQ rsi(2) = 98.80.

Dropped like a rock at the open the next day, low was 35.62.

Who says there is no "crystal ball" ... LOL!








TheRumpledOne
6,362 posts
msg #36039
Ignore TheRumpledOne
5/18/2005 6:37:03 PM

QQQQ showing a NEGATIVE DIVERGENCE.... THE DROP IS COMING!

Here's the FORMER RSI(2) < 1 NOW CLOSE STILL BELOW EMA(5) FILTER for NASDAQ stocks under $1:

Fetcher[
set{R2a, days(rsi(2) is below 1,30)}
ADD COLUMN R2a
R2a above 0
close below ema(5)
close below 1
sort column 4 descending
and market is nasdaq
]



Here's the FORMER RSI(2) < 1 NOW CLOSE STILL BELOW EMA(5) FILTER for NASDAQ stocks $1 and up:

Fetcher[
set{R2a, days(rsi(2) is below 1,30)}
ADD COLUMN R2a
R2a above 0
close below ema(5)
close above .99
sort column 4 descending
and market is nasdaq
]



Of course you can change the price and add your own volume requirements.

WAIT FOR GREEN THEN LOAD THE BOAT!


MAY ALL YOUR FILLS BE COMPLETE.


balsara
1 posts
msg #36076
Ignore balsara
5/22/2005 1:54:36 PM

Can someone summerise the RSI(2) concept and refer us to the final version of the filter


StockFetcher Forums · Filter Exchange · RSI(2) - The Little Indicator That Could<< 1 ... 18 19 20 21 22 ... 26 >>Post Follow-up

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