StockFetcher Forums · Filter Exchange · TRO - RSI(2) > 99 - short?<< >>Post Follow-up
BFreshour
139 posts
msg #38872
Ignore BFreshour
11/14/2005 9:06:54 AM

Looking for a good short filter, you do anything with RSI(2) to find shorts?


TheRumpledOne
6,362 posts
msg #38873
Ignore TheRumpledOne
11/14/2005 10:55:34 AM

Yes, RSI(2) > 99 indicates time to get your shorts on.

Even better is when there is negative divergence between price and rsi(2).

Look at QQQQ on a 1 year/weekly chart.

5/23/05 Close was 38.21, rsi(2) = 97.49

7/25/05 Close was 39.58, rsi(2) = 94.56.. NEG DIV!!

4 weeks later, 8/22/05, close was 38.46

9/5/05 Close was 39.62, rsi(2) = 86.45.. NEG DIV from 7/25/05 peak!!

5 weeks later, 10/10/05, close was 38.06.

MAY ALL YOUR FILLS BE COMPLETE.



BFreshour
139 posts
msg #38875
Ignore BFreshour
11/14/2005 12:34:03 PM

Rock solid, thanks.


jprowe
17 posts
msg #38894
Ignore jprowe
11/15/2005 12:08:58 PM

Great explanation TRO! Have you created any filters which test for divergence on the top or bottom? I was reading a post by HG awhile back about divergence and didn't know if anyone had been able to build a filter that can locate stocks with good RSI(2) price divergence.

Thanks,

Jon


BFreshour
139 posts
msg #38895
Ignore BFreshour
11/15/2005 1:19:27 PM

I wonder if you could so something like the slope of price vs the slope of RSI(2). No idea... I'm not an expert...


BFreshour
139 posts
msg #38896
Ignore BFreshour
11/15/2005 1:28:41 PM

Just an idea...

stock
Fetcher[3 day slope of close above 0
3 day slope of RSI(2) below 0
count(rsi(2) above 99,3) above 0
stock is optionable
add column 3 day slope of close
add column 3 day slope of RSI(2)
add column count(RSI(2) above 99,3)
]



3 day slope of close above 0
3 day slope of RSI(2) below 0
count(rsi(2) above 99,3) above 0
stock is optionable
add column 3 day slope of close
add column 3 day slope of RSI(2)
add column count(RSI(2) above 99,3)




jprowe
17 posts
msg #38897
Ignore jprowe
11/15/2005 1:29:55 PM

I found this post from TRO for a positive divergence filter

rsi(2) below 25 and close above 1 and Average Volume(90) is above 300000 and volume above 300000 and close below close 2 days ago and rsi(2) above rsi(2) 2 days ago




BFreshour
139 posts
msg #38898
Ignore BFreshour
11/15/2005 1:40:48 PM

I have no idea what I'm doing... Try #2

Fetcher[set{x,3 day slope of close}
x above 0.009
set{y,3 day slope of RSI(2)}
y below 0
set{z,x / y}
count(rsi(2) above 99,3) above 0
stock is optionable
add column 3 day slope of close
add column 3 day slope of RSI(2)
add column count(RSI(2) above 99,3)
add column z
add column RSI(2)
sort by column 8 ascending

do not draw x
do not draw y
draw 3 day slope of RSI(2)
draw 3 day slope of close
]




shelupinin
120 posts
msg #38965
Ignore shelupinin
11/18/2005 7:09:13 PM

my 1 day short:
Fetcher[price gained more than 30% over last 15 days
and rsi(2) is above 99
and price is above 1
and volume is above 100000
]




StockFetcher Forums · Filter Exchange · TRO - RSI(2) > 99 - short?<< >>Post Follow-up

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