StockFetcher Forums · Filter Exchange · Very simple RSI Filter that is working thus far in 2012<< 1 2 >>Post Follow-up
bkhurana43
103 posts
msg #105383
Ignore bkhurana43
3/12/2012 8:02:04 AM

Tombrown
"Change his line of code that reads "close > 1.20" to "close > 10"

The exisiting code would have picked up all stocks (including 10 and above) greater than 1.2 if the conditions were met. The nature of conditions built into the filter are such to qualify penny stocks only.

levamit
101 posts
msg #105387
Ignore levamit
modified
3/12/2012 12:03:36 PM

Hello Traders,

I made some changes in the code the performance are better please update me about the filter.
The strategy is the same max 3 days holdings and buys and sell at open.
Fetcher[
Stocks are not OTCBB
Bollinger Width Oscillator(5,2) below -50 in last day
Lower Acceleration Band(5) dropped more than 3.5 Percent
CCI(4) < -80
Day Position(0.05,1) below day position 2 days ago
do not draw day position (-1.00,5)
do not draw day position
average Volume(4) > 120000
close > 1.20
IMI(4) below 9
RSI(2) < 1
stochRSI(4,2) below 0.25 within last 3 days
]



Regrds ,
LA

tombrown1
61 posts
msg #105389
Ignore tombrown1
3/12/2012 3:48:12 PM

Bob,
I don't think I understand what you're after. His filter screens for stocks that are higher than $1.20. It's my understanding that penny stocks are those that are less than $1.00. I've been trading this method and it doesn't retrieve any stocks that are less than $1.20 - therefore it doesn't retrieve penny stocks.
It is true that this method seldom retrieves stocks above $10 - but it does happen from time to time.

Hope this helps some. I hope I didn't confuse the issue further.

Best,

Tom

StockFetcher Forums · Filter Exchange · Very simple RSI Filter that is working thus far in 2012<< 1 2 >>Post Follow-up

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