StockFetcher Forums · Filter Exchange · RSI2 positive divergence<< >>Post Follow-up
welliott111
98 posts
msg #54266
Ignore welliott111
8/21/2007 6:15:40 PM

After studying TRO/HGs rsi<1 filters and how they take off when there is divergence to follow,was wandering if anyone has a good filter for pos. divergence.I've been taking shots but no real good win %.
Thanks in advance

welliott111

TheRumpledOne
6,359 posts
msg #54283
Ignore TheRumpledOne
8/22/2007 7:47:37 PM

Fetcher[
/* Positive Divergence 2 - 5 days*/

set{nd2,count(close below close 2 days ago,1) * count(rsi(2) above rsi(2) 2 days ago,1)}}

set{nd3,count(close below close 3 days ago,1) * count(rsi(2) above rsi(2) 3 days ago,1)}

set{nd4,count(close below close 4 days ago,1) * count(rsi(2) above rsi(2) 4 days ago,1)}

set{nd5,count(close below close 5 days ago,1) * count(rsi(2) above rsi(2) 5 days ago,1) }

Set{n1, nd5 * 1}
Set{n2, nd4 * 10}
Set{n3, nd3 * 100}
Set{n4, nd2 * 1000}

Set{na, n1 + n2}
Set{nb, n3 + n4}
Set{PD2345, na + nb}

/* POSDIV is the number of times there was a 2, 3, 4 or 5 day positive divergence during the past 10 days */

set{POSDIV, count(PD2345 above 0, 10)}

/* PDDAYS is the number of days since there hasn't been a 2, 3, 4 or 5 day positive divergence */

set{PDDAYS, days(PD2345 EQUAL 0, 100)}

add column PD2345
add column posdiv
add column pddays

close above .01
volume above 300000

rsi(2) below rsi(2) 1 day ago

PD2345 above 0

sort column 5 descending

market is nasdaq
]



Remember, StockHolyGrail gets ALL the credit for RSI(2). He is the one who taught it to me.


welliott111
98 posts
msg #54284
Ignore welliott111
8/22/2007 8:21:27 PM


TheRumpledOne

Excellente filter.Thanks to StockHolyGrail for the rsi2 and yourself for all the advice and deciphering.You and all the other regulars are lots of help for a rookie like myself. Thanks to all
welliott111

SFMc01
296 posts
msg #54438
Ignore SFMc01
8/29/2007 1:43:41 PM

I'm confused. What is this filter designed to achieve? Has it been backtested successfully?

TheRumpledOne
6,359 posts
msg #54447
Ignore TheRumpledOne
8/29/2007 4:27:30 PM

This filter finds stocks that have POSITIVE DIVERGENCE between price and rsi(2).

Lower price making higher rsi(2).

Usually, stock price increase follows.

Backtesting does not make you money, trading does.

IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

tdavis1tn
7 posts
msg #54571
Ignore tdavis1tn
9/4/2007 11:04:03 PM

I try to run the filter and it says I have to have stockfetcher advanced. Is there a non-advanced version?

Thanks,
tdavis

StockFetcher Forums · Filter Exchange · RSI2 positive divergence<< >>Post Follow-up

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