StockFetcher Forums · Filter Exchange · StochRSI and RSI<< 1 2 >>Post Follow-up
blackthought
25 posts
msg #97440
Ignore blackthought
11/12/2010 4:35:40 AM

hey four, have u ever thought about making one or two powerful scans that yield nice results rather than 100 mediocre scans?

four
4,007 posts
msg #97442
Ignore four
modified
11/12/2010 10:23:16 AM

to blackthought

Help me understand what is mediocre according to your requirements. And which of the filters fits.

You have identified the tool (filter) and have identified criteria for assessment.
Maybe you might share 1. criteria for a superior filter and 2. post one of yours or 3. improve one or more of mine or someone else's.

(I believe this is from Mr. Covel)
trading system:

1) signal to buy/sell a market

2) signal o get out of a losing position.

3) signal to get out of a winning position

4) system that determines what market to buy or sell at any time and

5) system that determines how much of a market to buy or sell at any time.

Thanks.

glgene
534 posts
msg #97448
Ignore glgene
11/12/2010 11:49:15 PM

four,
Again, thanks for your brief script on StochRSI. I have been experimenting with it.

That said, I really would appreciate it if you would answer this question that I asked previously in this thread:

"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?"

What about it?

ps: Grandma took a slug of spiked apple cider, so she's out for a while.




four
4,007 posts
msg #97449
Ignore four
modified
11/12/2010 11:54:13 PM

I guess IAD (it all depends).
Perhaps someone else can offer a thought. Maybe a filter?

PS looking forward to your modification of the filter you are working with...

four
4,007 posts
msg #97450
Ignore four
11/13/2010 12:24:36 AM

Fetcher[
stochrsi(7,7) > stochrsi(7,7) 1 day ago
draw cci(7) > cci(7) 1 day ago
draw cci(7) below -100
draw stochrsi(7,7) line at .25
draw z on plot close
close > open
close > 1
avgvol(90) > 1364790

]



glgene
534 posts
msg #97451
Ignore glgene
11/13/2010 1:06:59 AM

four,
You said "Depends." That's what Grandma uses.

C'mon, four. You started this thread. Does it make any sense for the first number to ever be larger than the second number, e.g., StochRSI(10,5) ?
Or should it either be smaller, e.g, StochRSI(5,10) or the same, e.g., StochRSI(10,10) ?

Inquiring minds want to know. I'm the captain of that fan club.

Please, anyone. Join in on this answer so this thing can be put to rest, and I can complete my script (which I'll publish). And Grandma will be happy .

-- My grandmother's grandson

four
4,007 posts
msg #97455
Ignore four
modified
11/13/2010 9:46:20 AM

Your question is like, "Which is the best moving average?"

And then someone comes around and says they are successful with two (not one).
And then someone says they prefer one EMA and the other MA.
And then someone says they have success with three WMA or three WEMA.
And then someone says they...
And then someone says...
And then someone...
And then...

You get the point.

My hope is that you can be successful with your creation.

Does the trader average up?
Does the trader average down?
Etc.

Remember, money management and all the other things that wrap-up a trading system.

HTH

four
4,007 posts
msg #97464
Ignore four
modified
11/13/2010 4:08:28 PM

Fetcher[
draw rsi(2) < 2
draw stochrsi(5,5) < 0.02
close > 1
close > open
avgvol(23) > 136403
]



Fetcher[
stochrsi(5,5) 1 day ago > 0.01
draw rsi(2) < 5
draw stochrsi(5,5) < 0.01
close > 1
close > open
avgvol(23) > 136403

]



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

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