StockFetcher Forums · Filter Exchange · StochRSI and RSI<< 1 2 >>Post Follow-up
four
3,995 posts
msg #97425
Ignore four
11/10/2010 11:31:03 PM

Fetcher[
stochrsi(5,5) > stochrsi(5,5) 1 day ago
rsi(5) < rsi(6)
avgvol(33) > 46589
close > open
rsi(2) < 30
]



glgene
534 posts
msg #97427
Ignore glgene
11/11/2010 9:38:33 AM

four,
Thanks for the script. But I have just one (simple? stupid?) question:

I understand single numbers in a parenthesis, e.g., RSI(5),
but I don't totally understand double numbers,

e.g., stochrsi(5,5) > stochrsi(5,5) 1 day ago

Could you please elaborate, simply, so that my 'grandmother' could understand?
What is the first 5, what is the second 5?

Thanks.
My grandmother's grandson

four
3,995 posts
msg #97431
Ignore four
11/11/2010 6:40:59 PM

Format:
StochRSI(period,rsiperiod)

--------------------------------
Stockfetcher, "The StochRSI computes the current position of the RSI relative to the high and low RSI values over a specified number of days."

Another way to say it...

"StochRSI is the Stochastics formula applied to RSI; that is, it's an indicator of RSI. StochRSI measures the value of RSI relative to its high/low range over a set number of periods." http://trading-technique1.blogspot.com/2009/06/stochrsi.html

HTH

four
3,995 posts
msg #97432
Ignore four
11/11/2010 6:52:18 PM

Fetcher[

cci(20) below -100
stochrsi(20,20) below .25

draw cci(20) line at -100
draw stochrsi(20,20) line at .25

close > open
close > 1
avgvol(90) > 13647900

]





glgene
534 posts
msg #97433
Ignore glgene
11/11/2010 10:29:40 PM

OK, four...

My grandmother had to read your reply a couple of times. Must be her smeared tri-focals .

Anyway, it seems your StochRSI(5,5) measurement presents an "even-steven" scenario.

If you went either direction with the first 5, would that make it more or less sensitive to the results?

Say, StochRSI(2,5) or StochRSI(7,5). Would a StochRSI(first number higher than second number) make any sense at all? Or should the first number either be the same or lower than the second number?

Grandma is going to bed early tonight. I'm sure she looks forward to seeing your expanded reply after she eats her apple tomorrow morning [after she first puts in her teeth].

-- My grandmother's grandson

ps: Grandma wants to know if you're related to Abe Lincoln? Is that where you got the handle, four? (As in "Four Score and 7 years ago...").



glgene
534 posts
msg #97435
Ignore glgene
11/11/2010 10:55:59 PM

OK, four, I tucked Grandma into bed. Since she's snoring, I know she's asleep (I think).

Page 99 of the Stockfetcher manual says, in part:

"The StochRSI ranges between 0.0 and 1.0. Values above 0.8 are generally seen to identify overbought levels and values below 0.2 are considered to indicate oversold conditions."

Now would that be with a default StochRSI(14,14) setting, or what? I see they're using 14,14 with the page 99 examples.

I took the liberty of writing the script below, which uses 3 different StochRSI combinations .... where the 1st number is less, same and more than the second number.

Fetcher[
symlist(vti)
add column separator
add column rsi(14)
add column rsi(14) 1 day ago{rsi14 1 day ago}
add column separator
add column stochrsi(5,14)
add column stochrsi(5,14) 1 day ago{5,14 1 day ago}
add column separator
add column stochrsi(14,14)
add column stochrsi(14,14) 1 day ago{14,14 1 day ago}
add column separator
add column stochrsi(17,14)
add column stochrsi(17,14) 1 day ago{17,14 1 day ago}
add column separator
]



I would appreciate any remarks from you re: the results of my script run. Please make your remarks clear so Grandma understands the first time she reads it. She's happy when she understands. She grunts when she's unhappy.

Thanks, four (little Abe)

-- My grandmother's grandson

straken
469 posts
msg #97436
Ignore straken
11/11/2010 11:08:42 PM

StochRSI measures the value of RSI relative to its high/low range over a set number of periods.

The number of periods used to calculate StochRSI is transferred to RSI in the formula. For example, 5-day StochRSI would use the current value of (5-day RSI) and the (5-day high-low range) for (5-day RSI).

But if Grandma wakes with alzheimer's, and slips on that apple and breaks a hip, think of it as a measure of the normalized daily RSI(5)

Cheers

grandmamason

four
3,995 posts
msg #97437
Ignore four
modified
11/11/2010 11:11:36 PM

Thanks Straken.

Another way to use stochrsi, http://stockcharts.com/help/doku.php?id=chart_school:technical_indicators:stochrsi.


PS
"Grandma wants to know if you're related to Abe Lincoln?"

Which Abe Lincoln? There are a few throughout the USA.

glgene
534 posts
msg #97438
Ignore glgene
11/11/2010 11:27:55 PM

Which Abe?

The one who proclaimed, "Four score and 7 years ago" during the Civil War

four
3,995 posts
msg #97439
Ignore four
modified
11/11/2010 11:28:50 PM

I believe I am not related to that one.

Fetcher[
draw stochrsi(10,10) 1 day ago equals 0 the last 3 days
stochrsi(10,10) > 0
draw rsi(2) < 10
close > 1
avgvol(90) > 50000
close > open
]



StockFetcher Forums · Filter Exchange · StochRSI and RSI<< 1 2 >>Post Follow-up

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