StockFetcher Forums · Filter Exchange · big incredible filter for you called rsi(2) power scan<< 1 2 3 >>Post Follow-up
MARY4MONEY
806 posts
msg #72991
Ignore MARY4MONEY
3/21/2009 9:18:14 AM

what it gives you is a visual tabular result for the last 17 trading rsi(2) s and it also gives you the sm% which is the 8 week volitility value- the higher the number the more money you will make on the stocks- along with using the rsi(2) curve- you want stocks that when they run up from <5-10% rsi2) and you want the stock to they stay above the 98% rsi(2) longer-- the longer it does the more powerful the stock will run from its bottom in the future- aig is a perfect example- its stayed at >99% 4 days in a row- what you want on the retracement is for the stock to go to a rsi(2) 15-35% at its bottom--here is the scan filter--------rsi(2) power scan and average volume(30) above 750000 and stock is optionable and add column rsi(2) and add column rsi(2) 1 day ago and add column rsi(2) 2 days ago and add column rsi(2) 3 days ago and add column rsi(2) 4 days ago and add column rsi(2) 5 days ago and add column rsi(2) 6 days ago and add column rsi(2) 7 days ago and add column rsi(2) 8 days ago and add column rsi(2) 9 days ago and add column rsi(2) 10 days ago and add column rsi(2) 11 days ago and add column rsi(2) 12 days ago and aff column rsi(2) 13 days ago and add column rsi(2) 14 days ago and add column rsi(2) 15 days ago and add column rsi(2) 16 days ago and add column rsi(2) 17 days ago and set{sm%, weekly atr(8)/ weekly close(8)} and add column sm%

chetron
2,817 posts
msg #72992
Ignore chetron
3/21/2009 9:53:12 AM

cleaned and pressed ....

Fetcher[



/* rsi(2) power scan */

average volume(30) above 750000
stock is optionable

add column rsi(2)
add column rsi(2) 1 day ago {rsi2 -1}
add column rsi(2) 2 days ago {rsi2 -2}
add column rsi(2) 3 days ago {rsi2 -3}
add column rsi(2) 4 days ago {rsi2 -4}
add column rsi(2) 5 days ago {rsi2 -5}
add column rsi(2) 6 days ago {rsi2 -6}
add column rsi(2) 7 days ago {rsi2 -7}
add column rsi(2) 8 days ago {rsi2 -8}
add column rsi(2) 9 days ago {rsi2 -9}
add column rsi(2) 10 days ago {rsi2 -10}
add column rsi(2) 11 days ago {rsi2 -11}
add column rsi(2) 12 days ago {rsi2 -12}
add column rsi(2) 13 days ago {rsi2 -13}
add column rsi(2) 14 days ago {rsi2 -14}
add column rsi(2) 15 days ago {rsi2 -15}
add column rsi(2) 16 days ago {rsi2 -16}
add column rsi(2) 17 days ago {rsi2 -17}

set{sm%, weekly atr(8)/ weekly close(8)}

add column sm%

]



chetron
2,817 posts
msg #72995
Ignore chetron
3/21/2009 11:36:58 AM

JUST AN IDEA...............

Fetcher[
/* rsi(2) power scan */
/* WITH CHETRONISMS */

set{rsi_MUD,days(rsi(2) above 2,100)}
set{rsi_run,days(rsi(2) BELOW 98,100)}

SET{VAR1,COUNT(RSI_MUD CROSSED BELOW .5,1)}
SET{VAR2,COUNT(RSI_RUN CROSSED BELOW .5,1)}
SET{TRIGGER,VAR1 + VAR2}

DRAW RSI_RUN ON PLOT RSI_MUD

TRIGGER ABOVE .5
DO NOT DRAW TRIGGER
average volume(30) above 750000
stock is optionable

add column rsi(2)
add column rsi(2) 1 day ago {rsi2 -1}
add column rsi(2) 2 days ago {rsi2 -2}
add column rsi(2) 3 days ago {rsi2 -3}
add column rsi(2) 4 days ago {rsi2 -4}
add column rsi(2) 5 days ago {rsi2 -5}
add column rsi(2) 6 days ago {rsi2 -6}
add column rsi(2) 7 days ago {rsi2 -7}
add column rsi(2) 8 days ago {rsi2 -8}
add column rsi(2) 9 days ago {rsi2 -9}
add column rsi(2) 10 days ago {rsi2 -10}
add column rsi(2) 11 days ago {rsi2 -11}
add column rsi(2) 12 days ago {rsi2 -12}
add column rsi(2) 13 days ago {rsi2 -13}
add column rsi(2) 14 days ago {rsi2 -14}
add column rsi(2) 15 days ago {rsi2 -15}
add column rsi(2) 16 days ago {rsi2 -16}
add column rsi(2) 17 days ago {rsi2 -17}

set{sm%, weekly atr(8)/ weekly close(8)}

add column sm%



]



acfncp3
59 posts
msg #72996
Ignore acfncp3
3/21/2009 12:01:06 PM

First I'd like to thank you for this filter and tell you how much I really appreciate all the work that gets done on this site.

Can you please explain this filter a little more. At what point do you go long or short. I noticed that if RSI(2)-1 is higher then RSI(2) that might be a place to buy a put, and vice a versa. Is that what you are looking at for a signal of reversal. Or are you just doing a sort on the RSI(2) column and if its above 90 or so you go long and if it's below 15 or so you go short.


Thanks again


Eman93
4,659 posts
msg #72997
Ignore Eman93
modified
3/21/2009 3:54:17 PM

Hey this is interesting.

Chet is there anyway to have the RSI col display the dates? instead of days ago??

Should you sort on sm%


chetron
2,817 posts
msg #72998
Ignore chetron
3/21/2009 4:31:44 PM

I AM NOT AWARE OF ANY DATED COLUMN FUNCTION


M4M SAID THAT SM% IS USED FOR PROFIT POTENTIAL, WHICH DOESN'T CONTRIBUTE TO THE ACTUAL SET-UP OF AN RSI PULLBACK. THE SET-UP IS NEEDED 1ST.


FILL FREE TO POST YOUR EDITS

HTH


chetron
2,817 posts
msg #73002
Ignore chetron
modified
3/21/2009 11:51:11 PM

HOW ABOUT...

average volume max is 100

Fetcher[


/* rsi(2) power scan */
/* WITH CHETRONISMS */
/* ADDED VOLUME THING */

set{rsi_MUD,days(rsi(2) above 2,100)}
set{rsi_run,days(rsi(2) BELOW 98,100)}

SET{VAR1,COUNT(RSI_MUD CROSSED BELOW .5,1)}
SET{VAR2,COUNT(RSI_RUN CROSSED BELOW .5,1)}
SET{VTRIGGER,VAR1 + VAR2}

DRAW RSI_RUN ON PLOT RSI_MUD

VTRIGGER ABOVE .5
DO NOT DRAW VTRIGGER
stock is optionable
average volume(30) above 750000

SET{VAR51,AVGVOL(100) * 2}
SET{TRIGGER,COUNT(VOLUME ABOVE VAR51,1)}
SET{VAR52,VOLUME}

DRAW TRIGGER
DRAW AVGVOL(100)
VOLUME ABOVE VAR51
DO NOT DRAW VAR51

CLOSE ABOVE .1

add column rsi(2)
add column rsi(2) 1 day ago {rsi2 -1}
add column rsi(2) 2 days ago {rsi2 -2}
add column rsi(2) 3 days ago {rsi2 -3}
add column rsi(2) 4 days ago {rsi2 -4}
add column rsi(2) 5 days ago {rsi2 -5}
add column rsi(2) 6 days ago {rsi2 -6}
add column rsi(2) 7 days ago {rsi2 -7}
add column rsi(2) 8 days ago {rsi2 -8}
add column rsi(2) 9 days ago {rsi2 -9}
add column rsi(2) 10 days ago {rsi2 -10}
add column rsi(2) 11 days ago {rsi2 -11}
add column rsi(2) 12 days ago {rsi2 -12}
add column rsi(2) 13 days ago {rsi2 -13}
add column rsi(2) 14 days ago {rsi2 -14}
add column rsi(2) 15 days ago {rsi2 -15}
add column rsi(2) 16 days ago {rsi2 -16}
add column rsi(2) 17 days ago {rsi2 -17}

set{sm%, weekly atr(8)/ weekly close(8)}

add column sm%
]






FuriousThug
256 posts
msg #73003
Ignore FuriousThug
3/22/2009 12:46:18 AM

So the part that's a bit confusing is the setup where MTM refers to:

"what you want on the retracement is for the stock to go to a rsi(2) 15-35% at its bottom"

So you're basically looking for the rsi(2) to reach that range on the retracement and get...what? a daily signal of an increase on rsi(2) from somewhere in that range?

FuriousThug
256 posts
msg #73004
Ignore FuriousThug
3/22/2009 1:06:44 AM

Also, assuming you're buying puts or calls at least two months out from expire (considering you're using the 8-wk volatility as a benchmark for weighing how, how fast, and when the major move will transpire?)

No?


Eman93
4,659 posts
msg #73013
Ignore Eman93
modified
3/22/2009 11:27:48 PM

See if I have this right, this is a pull back filter.

If the stock has run up from 5 to 10 up to 90's and held 98 or higher for 4 days.

Buy on the 15 to 30 pull back...

Is it invalid if it goes below 15?

StockFetcher Forums · Filter Exchange · big incredible filter for you called rsi(2) power scan<< 1 2 3 >>Post Follow-up

*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.


Copyright 2016 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus