I think, all of SF users have already known about RSI2 filter. However I would like to understand - how SF calculates this value and what does (RSI2 < 1) mean?
The following link includes RSI formula.
So, in my opinion, if we have just 2 consecutive down days the RSI(2) will be equal 0.
It seems to me that we can change RSI2 filter to 3 down days condition without any losses.
And it is a main idea of this filter. No magic.
*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.